US Department of Justice has demanded the sale of CNN, before it can approve AT&T’s proposed $85-billion acquisition of Time Warner Inc.
The channel has been targeted by US President, Donald Trump and branded “fake news” on a number of occasions. It now seems the broadcaster is preparing to take the Trump administration to court to argue that the deal does not pose any threat to competition, according to FT.com.
AT&T CEO Randall Stephenson released a statement saying, “Until now, we’ve never commented on our discussions with the DOJ. But given DOJ’s statement this afternoon, it’s important to set the record straight. Throughout this process, I have never offered to sell CNN and have no intention of doing so.”
Today’s news comes, just hours after it merged in the UK of Sky News facing closure to avoid scuppering up the 21st Century Fox merger with Sky.
Financial Times
CNN to be sold off to approve AT&T-Time Warner deal?
The channel has been targeted by US President, Donald Trump and branded “fake news” on a number of occasions. It now seems the broadcaster is preparing to take the Trump administration to court to argue that the deal does not pose any threat to competition, according to FT.com.
AT&T CEO Randall Stephenson released a statement saying, “Until now, we’ve never commented on our discussions with the DOJ. But given DOJ’s statement this afternoon, it’s important to set the record straight. Throughout this process, I have never offered to sell CNN and have no intention of doing so.”
Today’s news comes, just hours after it merged in the UK of Sky News facing closure to avoid scuppering up the 21st Century Fox merger with Sky.
Financial Times
CNN to be sold off to approve AT&T-Time Warner deal?
