Leo Hindery, managing partner at InterMedia Partners LP, and Robert McDowell, a former Republican member of the U.S. Federal Communications Commission, talk about the outlook for Twenty-First Century Fox Inc.'s bid for Time Warner Inc. They speak with Trish Regan and Erik Schatzker on Bloomberg Television's "Street Smart."

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A US flag flies off the stern of a tour boat at the Port of Los Angele in California on July 31, 2025. (Getty Images)