AT&T Likely Would Win Court Fight Over Time Warner, Analysts Say

Nov 12, 2017, 02:12

Reports yesterday indicated that the DOJ is asking AT&T and Time Warner to sell off either CNN or DirecTV in order to win government approval of their merger (Time Warner owns CNN and AT&T owns DirecTV). AT&T, unsurprisingly, has been resistant to both of those requests, and AT&T CEO Randall Stephenson has also said that he's willing to take the U.S. to court if regulators can't come up with a good settlement.

AT&T is already prepared for court.

He called Monday's meeting with DOJ "productive", but pressed on the two stories that don't add up, Stephenson says "It's a fair question".

AT&T CEO Randall Stephenson on Thursday denied reports that the Justice Department wanted CNN sold as a condition for allowing a merger between the telecom giant and Time Warner. According to some news reports, the Justice Department told AT&T it must sell CNN's parent unit or DirecTV, its pay-TV company, for the deal to go through.

Stephenson closed the door on selling CNN. "Until now, we've never commented on our discussions with the DOJ", he said in the statement.

"This has got to be one of the more arbitrary and capricious potential prosecutions I've seen", Cramer said. "There is absolutely no intention that we would ever sell CNN". But just moments later, Stephenson repeated, "I am not selling CNN".

It's been quite some time since we heard about AT&T's planned acquisition of Time Warner, but today the deal is forcing its way back into the spotlight. The concern is that AT&T may force its competitors to pay higher prices to broadcast Time Warner's content, which the consumer would presumably feel one way or another.

YOU MIGHT ALSO LIKE
  • Bale suffers new injury during rehab process

    However, for many in Madrid those moments have been far too fleeting for the club's record purchase. Bale has been plagued by injuries since joining Real Madrid in the summer of 2013.
    No Hope for Blatter

    No Hope for Blatter

    She said it occurred just before she presented the women's player of the year award at the Ballon D'or in Switzerland. In 2004, he landed in hot water after saying women's soccer should use sex appeal as a way to grow the game .

    Seyfeddin Roustamov.

    The annual revenue of Metafrax Group exceeded USD 660 million and the annual volume of investments amounted to USD 80 million. CHEMICAL ASSETS In 2014 Seyfeddin Roustamov became the major shareholder of the chemical company Metafrax (Perm region).
  • Iraq Launches Offensive to Recapture Last Town under ISIS Control

    Iraq Launches Offensive to Recapture Last Town under ISIS Control

    On Thursday, the Syrian Army liberated the city of Abu Kamal, near the border with Iraq, destroying the last IS stronghold in Syria.
    Mueller investigation involves member of Congress for the first time

    Mueller investigation involves member of Congress for the first time

    Flynn allegedly discussed the plot at a meeting in NY in December 2016, when he was a member of then U.S. The younger Flynn worked closely with his father at his lobbying firm, Flynn Intel Group.
    Bail Set for Catalan Parliament Speaker

    Bail Set for Catalan Parliament Speaker

    Spain's Supreme Court says a judge has ordered the release of Catalan parliament speaker after bail has been posted. Francisco Franco's dictatorship ended that Madrid removed powers from any of the country's 17 regions.
  • OJ Simpson Thrown Out And Banned From Cosmopolitan Hotel In Las Vegas

    OJ Simpson Thrown Out And Banned From Cosmopolitan Hotel In Las Vegas

    Simpson's star legal team, which included Johnnie Cochran, Robert Kardashian, Robert Shapiro, and F. Apparently Simpson had been a fixture at the hotel and its bars since his release from prison.
    Morocco qualifies for World Cup, Ivory Coast misses out

    Morocco qualifies for World Cup, Ivory Coast misses out

    Before today's matches, Morocco had 9 points while the Ivorians had 8 points; meaning the victor of the match would qualify. The failure to reach the World Cup after being ever-present since 2006 will put pressure on coach Marc Wilmots.
    Android based VR Gaming Apps

    Android based VR Gaming Apps

    Cleanopolis VR This educational title is primarily for kids but it doesn't mean that people of all ages won't be able to enjoy it. House of Terror VR This game gives you the chance to explore a haunted house full of monsters, traps, and very hard puzzles.
  • Legionnaires' disease outbreak at Disneyland sickens nine visitors

    Legionnaires' disease outbreak at Disneyland sickens nine visitors

    It typically strikes the elderly and people with compromised immune systems, and can be fatal, according to the Mayo Clinic . The two cooling towers are located in a backstage area behind the New Orleans Square train station area of the theme park.
    Alibaba Singles' Day sales race past $ 10 bn in first hour

    Alibaba Singles' Day sales race past $ 10 bn in first hour

    With more global brands participating in the holiday with deals, sales could be much higher than past year , according to Squali. It is held today, November 11 - or 11.11 - because the "1" is meant to represent an individual not in a romantic relationship.
    FP1 - Mercedes make dominant start to Brazil weekend

    FP1 - Mercedes make dominant start to Brazil weekend

    Lance Stroll was 11th for Williams, ahead of Mercedes-backed GP3 champion George Russell, who received his first run out for Force India .
popular