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AT&T to buy CNN, Turner parent for $85.4B
Atlanta Urinal and Constipation ^ | 10/23/16 | Michael E. Kanell

Posted on 10/23/2016 7:12:47 AM PDT by Dacula

AT&T has agreed to buy Time Warner, parent of CNN and other Atlanta-based properties of the Turner broadcasting business, for $85.4 billion, the companies announced Saturday night.

(Excerpt) Read more at ajc.com ...


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KEYWORDS: att; cnn; sale
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I thought that CNN was already bought and paid for.
1 posted on 10/23/2016 7:12:47 AM PDT by Dacula
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To: Dacula

CNN seems to have little value going forward.


2 posted on 10/23/2016 7:14:04 AM PDT by Paladin2 (auto spelchk? BWAhaha2haaa.....I aint't likely fixin' nuttin'. Blame it on the Bossa Nova...)
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To: Dacula

Were I a more conspiratorial person, I would think big business moves announced ahead of a presidential election were scheduled that way on purpose because those corporate fatcats know something about how the election is going to turn out.


3 posted on 10/23/2016 7:19:45 AM PDT by jz638
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To: Dacula

ATT doesn’t have that kind of cash. They are getting it from the Fed Reserve at 0%.

It’s a good time to borrow if you’re a dinosaur corp but such easy free money makes for abject stupidity.

CNN/Turner are not worth 1/1000th what ATT is borrowing to pay for them.

Regardless of the blatant move to give control of America’s internet away, CNN/Turner companies along with ATT are going to die soon enough. They offer no value for the dollar. They are already dead, they just don’t know it yet.


4 posted on 10/23/2016 7:20:00 AM PDT by Hostage (ARTICLE V):)
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To: Dacula

Let me say IMHO, AT&T is unscrupulous, insidious, despicable and very good at what they do to (not for) their customer base.
YMMV.


5 posted on 10/23/2016 7:23:13 AM PDT by umgud (ban all infidelaphobics)
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To: Dacula

No more “Too Big To Fail”?


6 posted on 10/23/2016 7:30:49 AM PDT by Iron Munro (If Illegals voted Rebublican 50 Million Democrats Would Be Screaming "Build The Wall!")
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To: umgud

All for evil and nothing for us!! I’m sick of these globalist Bastards owning every aspect of communications!


7 posted on 10/23/2016 7:32:10 AM PDT by RoseofTexas
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To: Dacula

First it was Comcast that wasn’t approved to purchase Time Warner. Then we recently had Spectrum buy Time Warner. Now AT&T is taking over? I wonder if this was all in the works before Spectrum even bought Time Warner. Maybe that’s why they haven’t changed the logos on any of their cable trucks.


8 posted on 10/23/2016 7:34:23 AM PDT by mass55th (Courage is being scared to death - but saddling up anyway...John Wayne)
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To: umgud

All for evil and nothing for us!! I’m sick of these globalist Bastards owning every aspect of communications!


9 posted on 10/23/2016 7:34:54 AM PDT by RoseofTexas
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To: Hostage

ATT is not sliding off the boards any time soon


10 posted on 10/23/2016 7:37:12 AM PDT by CGASMIA68
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To: umgud
Let me say IMHO, AT&T is unscrupulous, insidious, despicable and very good at what they do to (not for) their customer base.

And they are the only wireless carrier that has coverage at my house, which is also my office. :-/

11 posted on 10/23/2016 7:38:13 AM PDT by MortMan (Moderate muslims, please identify the specific prohibitions against violent jihad in the koran.)
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To: Dacula

A one country World only needs one Broadcaster , Internet etc etc


12 posted on 10/23/2016 7:42:24 AM PDT by butlerweave
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To: umgud

One piece of evidence in support of what u say is myself. After half a century of watching TV in my house, I find have zero interest in any of the 500 odd channels. I know that because I have not turned it on in two months. I can get everything I need on my several computers. I haven’t watched one minute of alphabet TV in 30 years.


13 posted on 10/23/2016 7:47:51 AM PDT by Cen-Tejas (it's the debt bomb stupid)
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To: Dacula

Vertical integration


14 posted on 10/23/2016 7:52:37 AM PDT by NonValueAdded (#DeplorableMe #BitterClinger #HillNO!)
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To: Cen-Tejas

Yeah, I just figured out I only watch about 10 out of 500 channels.

I already have Amazon Prime (for other reasons) and like you, I can get most of what I need elsewhere. Will get a HDTV antenna which will me local network programs.


15 posted on 10/23/2016 8:06:19 AM PDT by umgud (ban all infidelaphobics)
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To: Dacula

Q: Can this deal be rammed thru before Pres Trump takes office?


16 posted on 10/23/2016 8:10:28 AM PDT by mewzilla (I'll vote for the first guy who promises to mail in his SOTU addresses.)
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To: mass55th
Time Warner Cable was spun off from Time Warner in 2009. Comcast tried to buy Time Warner Cable in 2014. The DOJ threatened to sue them for antitrust violations so Comcasr withdrew their offer. Then Charter Communications bought TWC and is renaming the combined company Spectrum so that people forget just how much they hate both companies.

AT&T is buying the rest of Time Warner, not Time Warner Cable.

17 posted on 10/23/2016 8:15:23 AM PDT by KarlInOhio (" T'was the witch of November come stealin' " And who could the stealing Witch of November be? Hmm?)
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To: umgud

“I already have Amazon Prime (for other reasons) and like you, I can get most of what I need elsewhere. “


It’s new show,”Goliath”, is very good——and only 8 episodes long.

.


18 posted on 10/23/2016 8:15:47 AM PDT by Mears
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To: umgud

About the only thing I need is to find a good, over the air DVR so that I can watch when I want and fast forward past the dull parts to get to the insurance and beer commercials.


19 posted on 10/23/2016 8:18:16 AM PDT by KarlInOhio (" T'was the witch of November come stealin' " And who could the stealing Witch of November be? Hmm?)
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To: Mears

THX


20 posted on 10/23/2016 8:25:28 AM PDT by umgud (ban all infidelaphobics)
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