The Glasshouse Report

Saturday, November 11, 2017

DOJ demands sale of CNN or DirecTV as condition for AT&T-Time Warner deal


By CNBC, Nov. 08, 2017

Randall Stephenson, chairman and chief executive officer of AT&T, speaks during a Senate hearing, Dec. 7, 2016.    AT&T CEO says he has not offered CNN sale to DOJ
4:39 PM ET Wed, 8 Nov 2017 | 03:59
AT&T has "no intention" of selling CNN despite the Justice Department's demand the company sell it in order to approve the Time Warner acquisition, according to CEO and chairman Randall Stephenson.

"Until now, we've never commented on our discussions with the DOJ," Stephenson said in a statement. "But given 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."
Read More: https://www.cnbc.com

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