Justice Department Tells Time Warner It Must Sell CNN Or DirecTV To Approve Its AT&T Merger (nytimes.com)

An anonymous reader quotes a report from The New York Times (Warning: source may be paywalled; alternative source): The Justice Department has called on AT&T and Time Warner to sell Turner Broadcasting, the group of cable channels that includes CNN, as a potential requirement for approving the companies' pending $85.4 billion deal, people briefed on the matter said on Wednesday. The other potential way the merger could win approval would be for AT&T to sell its DirecTV division, two of these people added. As originally envisioned, combining AT&T and Time Warner would yield a giant company offering wireless and broadband internet service, DirecTV, the Warner Brothers movie studio and cable channels like HBO and CNN. If the Justice Department formally makes either demand a requisite for approval, AT&T and Time Warner would almost certainly take the matter to court to challenge the government's legal basis for blocking their deal.

Comments

Re: Wow, this admin doesn't even bother to hide it

[Anonymous Coward]

Look, nobody really gives a shit about CNN anymore and not just since yesterday. And there is no real utility to satellite television anymote, now that most people stream over the Internet. Might as well ditch both,if they could find a buyer that is.