Trump's DOJ reportedly demands Time Warner sell CNN — or AT&T deal gets blocked

Business Insider -

Business Insider—AP/Wilfredo Lee The US Department of Justice has informed AT&T that it must sell CNN if it wants approval for its $84.5 billion acquisition of Time Warner, according to a Financial Times report citing people with direct knowledge of the negotiations. The proposed divestiture of CNN is just one of multiple demands being made by regulators, which are assessing antitrust concerns surrounding the AT&T-Time Warner deal, the FT report said. It is, however, the condition viewed as the most...

Trump's Revenge: DOJ Demands CNN Sale To Approve AT&T-Time Warner Deal. Update: Fox News is reporting that CBS has expressed some interest in buying CNN. * * * After the DOJ's antitrust division let it be known that it was preparing to file an antitrust lawsuit to block the AT&T-Time Warner merger, something that President Donald Trump famously insinuated might happen during the campaign, it appears a week of rushed negotiations with the DOJ and the two companies has yielded a compromise. And unsurprisingly, the DOJ is requesting that Time Warner sell CNN - the...