Time Warner has a problem.
If Redit and CNN, both Time Warner companies, conspired on this, the RICO laws could well kick in.
AT&T would be wise to repudiate their offer to buy Time Warner, or else risk getting tarred by this scandal.
Please stop posting that Reddit is owned by Time Warner because it is not.
Further:
Reddit used to be owned by Condé Nast, but in 2011 it was moved out from under Condé Nast to Advance Publications, which is Condé Nast’s parent company. Then in 2012, Reddit was spun out into a re-incorporated independent entity with its own board and control of its own finances, hiring a new CEO and bringing back co-founder Alexis Ohanian to serve on the board. Reddit has 3 sets of shareholders: The largest shareholder is still Advance Publications. The second-largest set of shareholders are Reddit employees. In the spin-out that occurred in early 2012, Advance voluntarily reduced its sole ownership to that of a partial owner in order to put ownership in the hands of current and future employees. The third and smallest fraction consists of a set of angel investors.
FWIW, I don’t think Reddit is Time Warner. IIRC, Reddit was bought by Conde Nast a while back, which is owned by Advance Publications...
AT&T needs to work quietly to advance this story so as to drive down the purchase price of Time Warner
Hey old buddy!
Finally!
Finally we have these old media drive-bys on the ropes!
Pound and ground!
[Er ... not meant literally of course. Just the CNN logo.]