Justice Department Tells Time Warner It Must Sell CNN Or DirecTV To Approve Its AT&T Merger

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





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