Gabelli, who’s worth around $1.86 billion, recently spoke at the Reuters Global Investment Summit in New York City, where he made some surprising (because he’s a billionaire) yet resonant (because we all know how expensive cable can be) complaints about his monthly damage at the hands of the cable company: “I just got my bill for cable and it was outrageous. So I’m going to start cutting.” Gabelli also had some words for a specific media company – one that you might be sending your cable bill payment to – Time Warner. He said that he expects the company to be involved in a major deal following their rejection of a bid from 20th Century Fox; “Something is going to happen. HBO is an extraordinary asset.” And, as Mario Gabelli now knows, it’s one you can pay for à la carte.
