Re: to buy a failing company
"No-one seems to have been able to make the huge convergence and cash that was expected from controlling the TV."
There's no convergence to be had. There's a generation growing up who think that TV just carries X-Factor, Bake Off and the Footy. All the interesting content is being produced by small players and distributed on the interwebs. There are typically half a dozen or more screens in a house and controlling the TV means nothing if everyone is watching the other five.
tldr; TV is *so* twentieth century.