Media mogul Patrick Drahi is venturing into the risky arena of 24/7 cable news with plans to launch a U.S. offshoot of his i24 News channel already operating in Europe, Africa, Asia and the Middle East.
Is Berlusconi a spent force? Does Murdoch have one last big European deal up his sleeve? Can anyone stand up to Silicon Valley?
Founder Patrick Drahi’s strategy in Europe is to turn his company into an essential household utility by offering consumers a “quad play” of one-stop shopping for video, broadband, wireless telecom and land-line telephone services. His play to buy Cablevision is a clear signal that he aims to extend his vision across the Atlantic.
