Posted on 08/04/2017 4:32:22 PM PDT by RightGeek
EXCLUSIVE: There are rumblings at the highest executive levels that AT&T’s top executives are considering divesting some Time Warner assets — including news organization CNN and celebrity gossip site TMZ — after they merge.
AT&T expects the Justice Department to approve its $85 billion acquisition of Time Warner, and for the deal to close, by year end. The telco has already named longtime exec John Stankey to be CEO of AT&T’s media properties. He’s leading the Time Warner Merger Integration Planning Team, working with Time Warner CEO Jeff Bewkes.
CBS has long had its eye on CNN. The broadcast company’s CEO, Les Moonves, said at Herb Allen’s Sun Valley retreat last month that he would be interested if the cable news network became available. Neither CBS or AT&T would comment.
For TMZ, Deadline was told that AT&T is considering a sale to a private equity company. “They don’t want any controversy,” one source with knowledge of AT&T’s intentions says, adding that the communications giant may also be looking to sell other properties under Turner.
(Excerpt) Read more at deadline.com ...
Newsweak sold for $1, so I assume that CNN may be worth at least $2.
I’ll buy it and turn it into a real news organization. I’ll have to fire everyone, but hey, can’t make an omelette without breaking eggs.
Are those ‘thigh boots’???????? Geesh.
Maybe CBS will shut down its news operation if it buys CNN. It would make sense. “Tiffany Network” my ass....
And way back when the world made sense, Bell Telephone was too big and had to be broken up.
Way to go Dallas!
(If you are unsure what this means, AT&T hq is in the Big D)
(It’s also one of my favorite lines in The Hunt for Red October)
:-D
Rush and Donald Jr would have way too much fun controlling CNN. They should do it!
Probably. The ISIS network
As all of these corporate monopolies tie up communication and cultural assets (recorded history), the day is coming that the ChiComs or someone else who isn’t friendly to the past but has available money and a desire for messaging will buy it and shelve (or destroy) much of it.
Mao did it to his own nation’s history.
I’d buy it...I have $23.56 or would that be to much for it??
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