DOJ demands CNN to be sold as condition for AT&T, Time Warner deal approval

cnbc.com ^ | 11/8/17 | Tae Kim

[ColdOne]

AT&T, Time Warner deal closing now 'uncertain' AT&T CFO says timing of Time Warner deal closing 'now uncertain' 4 Hours Ago | 03:27

Time Warner shares declined nearly 7 percent midday Wednesday after AT&T's chief financial officer John Stephens said the timing of its merger deal close with the company is "now uncertain."

The Financial Times later reported the Justice Department told AT&T and Time Warner would need to sell CNN, Time Warner's cable news network, as a condition in order for the acquisition to go through, according to three people with knowledge of the negotiations.

CNBC has confirmed the Justice Department has asked AT&T to sell Turner Broadcasting, which includes CNN, for merger approval.

[Oldeconomybuyer]

George Soros or Vlad Putin?

[\/\/ayne]

I'll buy that for a dollar!

[marron]

Maybe Bannon could offer them $10k for CNN.

[Lisbon1940]

I’d be okay ff they just got rid of Anderson Cooper.

[bigbob]

heh heh heh...

[tennmountainman]

Zucker must be the first to go.

[Blueflag]

As an AT&T subscriber and shareholder, THIS pleases me.

[Army Air Corps]

I bid 10 Quatloos.

[Snowybear]

Karma is a harsh mistress.

[cgbg]

If I were at DOJ I would demand CNN HQ be moved to North Korea—they can refine their propaganda techniques there.

[clintonh8r]

33 Bitcoin!

[Henchster]

..Time Warner would need to sell CNN,..

Sell? Check out these annual liabilities:

Anderson Cooper - $11m
Wolf Blitzer = $5m
Chris Cuomo - $2.5m
Don Lemon - $1m

Assets? Well, being the bottom-of-the-barrel rated news network has to be worth something, right?

They are going to have to PAY someone to wipe this turd off their hands.

[Army Air Corps]

Two giant stone wheels!

[rockinqsranch]

Curious what faction of DOJ is working this. Holdover Justice, or DJT/Sessions Justice. It matters.

[arrogantsob]

As Lt. Kenda would says “My, my, my”.

It will be interesting to see how much the market will value CNN.

[arrogantsob]

As Lt. Kenda would says “My, my, my”.

It will be interesting to see how much the market will value CNN.

[FirstFlaBn]

Hardball is not just the name of Chrissie Matthews’ show.

Elections have consequences.

[mass55th]

I’d offer $24 in beads and trinkets.

[mass55th]

"As Lt. Kenda would say “My, my, my”."

He's awesome, isn't he? Watch him every week.