Time Warner Should Be Practicing Its Solo

Time Warner may face that reality as it stands its ground in the face of an unwanted $80 billion bid from 21st Century Fox. As the government weighs pending mergers by pay-TV providers, including Comcast and Time Warner Cable and AT&T and DirecTV, it seems only a matter of time before content owners will begin to tie up too. The first to be thrown into play, Time Warner now has two other options besides a deal with Fox: show it can create more value on its own or wait for another bidder offering more. The latter could be a challenge. There are few other obvious candidates with both the motivation and wherewithal in the near term.