Some media executives see such a possible merger as the passing of an era.
Tentative suggestions were made in 1999 about a possible merger of the clubs.
This week competition regulators were preparing themselves for two possible mergers among those same big five companies.
The two companies had been talking about a possible merger for about six months.
By mutual agreement, they cannot talk about the possible merger, even to employees.
European stock exchanges reacted positively to news of a possible merger.
News of the possible merger was first reported yesterday by American Lawyer magazine.
The news of a possible merger sent Chrysler's stock soaring to close at $48.8125, up $7.375 a share.
She also raised the question of the consequences of the possible mergers.
The operating company recently informed the Commission that it is in negotiations for a possible merger.