Expect continued media consolidation, because scale matters, 21st Century Fox vice chair says

Media consolidation will continue as companies compete for unique franchises and greater scale, 21st Century Fox Vice Chair Chase Carey says. As the sheer scale of spending by technology giants changes the nature of the media game, Carey says, mergers and acquisitions activity will likely continue. Media consolidation will continue as companies compete for unique franchises and greater scale, 21st Century Fox FOXA Vice Chair Chase Carey told CNBC on Tuesday.