AT&T ready to fight U.S. on Time Warner deal: CEO

12 November, 2017, 02:38 | Author: Sheri Evans
  • Manhattan’s East Village. Credit Christian Hansen for The New York Times

"I'm not sure how selling CNN addresses any antitrust concerns so I would expect AT&T to challenge that requirement", Allyn Arden, an analyst at S&P Global Ratings told Wired.

AT&T executives have consistently expressed optimism about the deal being approved.

Some US commentators claim president Donald Trump - a severe critic of CNN - is behind the DoJ's alleged demands. "It's hard to imagine an antitrust argument that will be compelling" from the government, he said. The White House has also said that Trump has not spoken to Attorney General Jeff Sessions about the matter, nor were any White House officials authorized to speak to DOJ on it.

Mueller Probing Alleged Flynn Plan to Deliver Cleric to Turkey
But by mid-December Trump had named Flynn national security adviser and he was playing a central role in the transition. One source said Gülen would be seized and flown by private jet to the Turkish prison island of Imrali.

Speculation among Wall Street insiders and people within the companies has risen over whether the administration's feeling about CNN could be influencing the decision, the Journal reported. Transactions like Comcast's acquisition of NBCUniversal in 2011 are routinely approved with conditions attached.

Rather than attempting to weaken CNN as a condition of the merger, the DOJ should move against it for the reasons cited by Trump himself while campaigning in Gettysburg in 2016.

But on Wednesday morning, AT&T said the timing of the deal's closing is now "uncertain". "We are prepared to litigate now", Stephenson told CNBC on the sidelines of the New York Times Dealbook conference. The government has the burden to show that the deal would reduce competition.

UK's Priti Patel sorry for secret meetings with Israeli officials
The Foreign Office was aware of the visit while it was underway, but were not informed about it in advance. Ms Patel said: "This summer I travelled to Israel, on a family holiday paid for myself".

The president has frequently referred to CNN as "fake news". As a candidate, Trump vowed to block the deal because it concentrated too much "power in the hands of too few".

So some observers have been concerned about possible interference all year long.

Stephenson said several times on Thursday that a combined AT&T and Time Warner will create a data and advertising company whose competitors will be the newest and most disruptive entrants into the media sector, Amazon.com Inc, Facebook Inc, Netflix Inc and Alphabet Inc's Google, not other wireless phone companies.

Jay-Z: Meek Mill Prison Sentence 'Unjust and Heavy-Handed'
In March of this year , he was arrested and charged with assault which is a misdemeanor following an altercation at the St. Charges from both incidents were eventually dismissed, but that didn't stop the judge from sending him to prison.

On last Sunday's "Reliable Sources" on CNN, when asked whether Trump has had any involvement, counselor to the president Kellyanne Conway said "we're not going to interfere with that here". He said he wants the department to investigate his political rivals, including Hillary Clinton.

Recommended:



Popular

Aly Raisman says she was sexually abused by USA national team doctor
Clubs are now "required to report child abuse or neglect, including sexual misconduct, to proper authorities, including the U.S. He was in a position of power, actually named the national medical coordinator for USA Gymnastics up until the summer of 2015.

Breakfast at Tiffany's - At long last, Fifth Avenue store opens a cafe
Your morning joe at Tiffany's will cost you far more than Holly Golightly's street-cart fare: breakfast will set you back $29. The new Blue Box Cafe on the fourth floor of the Fifth Avenue store may help the brand recapture its buzz, too.

Louis CK gets dumped by FX, management company and publicist
The comic will no longer participate in " Night of Too Many Stars: America Unites for Autism Programs ", HBO said in a statement . In addition on Friday, C.K.'s management company 3 Arts and his publicist also terminated their relationship with the comedian.

Nicki Minaj's Brother Convicted For Sexually Assaulting A Child
He was charged with the crime in 2015 and found guilty at Nassau County court , New York , this week. Maraj , 38, was found guilty on Thursday of predatory assault on a child younger than 13 years old.

Centre slashes GST on 178 mass use items
He also said the Council had been looking at the 28 percent tax slab and constantly rationalising items in it in lesser tax slabs. The panel also recommended lowering tax rates for manufacturers and restaurants under the composition scheme to 1 per cent.

Students in Custer honored veterans with 23rd annual program
Students over at Chenango Bridge Elementary also took the time to say "thank you". Together the crowd of both young and old heard from speakers.

Ex-FIFA boss Sepp Blatter accused of sexually assaulting American Hope Solo
Former FIFA president Sepp Blatter has found himself in a new scandal. "I've seen it in sports", she went on. This isn't the first time a negative light has been on Blatter regarding female players.

Packers waive TE Martellus Bennett, ending short tenure
Bennett played with New England last season, winning the Super Bowl over the Atlanta Falcons in a historic comeback. Bennett practiced on Tuesday after the bye last week before going on the injury report with a shoulder injury.

Facebook wants your nude photos to stop revenge porn
If it succeeds, hopefully expect it rollout throughout the rest of the world if Facebook keeps getting government support. Grant said Facebook is not storing the image, just the hash .

Sheep recognize faces of celebrities
In follow-up experiments, the authors of the new study had the sheep once again chose between images of celebrities or strangers. When a portrait of the handler was interspersed randomly, the sheep chose them seven out of 10 times.