TLDR · MISCELLANEOUS
JEFF BEZOS WEIGHING POSSIBLE ACQUISITION OF CNBC CABLE NETWORK
Summary from the TLDR newsletter
Jeff Bezos has signaled his interest in buying CNBC. The network would serve as a credible 'neural voice' in his media portfolio. Bezos also owns the left-leaning Washington Post. Comcast plans to spin off its struggling cable assets by the end of the year. CNBC will become part of a publicly-traded company called Versant - there will be a two-year period where Versant will not be able to sell major assets without major tax implications.