U.S. Said to Seek Sale of CNN or DirecTV in AT&T-Time Warner Deal
The Justice Department has called on AT&T and Time Warner to sell Turner Broadcasting, the group of cable channels that includes CNN, as a potential requirement for approving the companies’ pending $85.4 billion deal, people briefed on the matter said on Wednesday.
The other potential way the merger could win approval would be for AT&T to sell its DirecTV division, two of these people added.
The demands set up a potential battle over the fate of the long-in-the-works deal that would create a new colossus straddling the worlds of media and telecommunications at a time when upstarts like Netflix are disrupting traditional players in both industries.
As originally envisioned, combining AT&T and Time Warner would yield a giant company offering wireless and broadband internet service, DirecTV, the Warner Brothers movie studio and cable channels like HBO and CNN.
https://mobile.nytimes.com/2017/11/08/business/dealbook/att-time-warner.html?hp&action=click&pgtype=Homepage&clickSource=story-heading&module=first-column-region®ion=top-news&WT.nav=top-news&_r=0
= new reply since forum marked as read
