CNN might have to be sold for the AT&T/Time Warner deal to go through

When AT&T agreed to buy Time Warner for $85 billion, the deal immediately encountered skepticism.

These kinds of mega mergers tend to face a lot of government scrutiny. Even if they’re approved, they usually come with strings attached. 

On Wednesday, the Financial Times reported that the U.S. government’s regulators have a big demand: Sell CNN.

It’s a big ask, but not entirely surprising. CNN is a major force in U.S. news, a very profitable company, and a favorite target of President Donald Trump. Forcing CNN to be sold would theoretically reduce the amount of power AT&T would accrue in acquiring Time Warner, which also owns HBO and Turner Broadcasting (which includes TNT, TBS, and CNN). Time Warner also owns Warner Bros. studio.  Read more…

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