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 ...
CNN seems to have little value going forward.
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.
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.
Let me say IMHO, AT&T is unscrupulous, insidious, despicable and very good at what they do to (not for) their customer base.
YMMV.
No more “Too Big To Fail”?
All for evil and nothing for us!! I’m sick of these globalist Bastards owning every aspect of communications!
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.
All for evil and nothing for us!! I’m sick of these globalist Bastards owning every aspect of communications!
ATT is not sliding off the boards any time soon
And they are the only wireless carrier that has coverage at my house, which is also my office. :-/
A one country World only needs one Broadcaster , Internet etc etc
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.
Vertical integration
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.
Q: Can this deal be rammed thru before Pres Trump takes office?
AT&T is buying the rest of Time Warner, not Time Warner Cable.
“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.
.
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.
THX
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