Please disable your Ad Blocker to better interact with this website.

AT&T Could Spin Off CNN To Get Time Warner Deal Cleared With Trump Administration

By Reinhardt Krause, IBD:

AT&T (T) could spin off cable news channel CNN as part of concessions to get Trump administration approval of its Time Warner (TWX) acquisition, speculates a Wells Fargo analyst.

AT&T, through a spokesman, declined to comment on any possible CNN spinoff.

AT&T CEO Randall Stephenson met with President-elect Donald Trump on Thursday. AT&T issued a statement saying the pair did not discuss the telecom giant’s proposed $85 billion merger with Time Warner. Trump and Stephenson discussed job growth, the phone company’s capital spending and other economic topics, AT&T said.

Trump voiced opposition to the $85 billion deal while campaigning, but he has not stated his position publicly since the election…

Join the conversation!

We have no tolerance for comments containing violence, racism, vulgarity, profanity, all caps, or discourteous behavior. Thank you for partnering with us to maintain a courteous and useful public environment where we can engage in reasonable discourse.

Send this to a friend