AT&T has 'no intention' of selling CNN, no matter what Trump's DOJ says

[applegrove]

Joe Ciolli at Business Insider

http://www.businessinsider.com/att-time-warner-deal-cnn-sale-department-of-justice-regulators-2017-11

"SNIP..........

The US Department of Justice has informed AT&T and Time Warner that they must sell Turner Broadcasting, the group of channels that includes CNN, if they want approval for their $84.5 billion merger, according to a New York Times report citing people briefed on the matter.

AT&T chief executive officer Randall Stephenson told Business Insider on Wednesday that he had no plans to do that.

"Until now, we’ve never commented on our discussions with the DOJ," Stephenson said in a written statement. "But given the 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."

The proposed divestiture of Turner is one of several demands being made by regulators as they assess antitrust concerns surrounding the AT&T–Time Warner deal, a report from the Financial Times said. It is, however, the condition viewed as the most likely sticking point as AT&T has opposed it in the past and argued the deal isn't anticompetitive.


...........SNIP"

[Cattledog]

1. Who trusts the word of any corporation?

Especially one that was the largest contributor to Trumps inauguration.