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AT&T armed for fight with U.S. on Time Warner deal - CEO


By David Shepardson and Anjali AthavaleyWASHINGTON/NEW YORK (Reuters) - AT&T Inc will not sell cable network CNN to win antitrust approval of its proposed $85.4 billion purchase of media company Time Warner Inc and will fight the government in court if the two sides cannot reach an agreement, the wireless company's chief executive said on Thursday.Justice Department staff have recommended that AT&T sell either its DirecTV unit or Time Warner's Turner Broadcasting unit, which includes news company CNN, a government official told Reuters on Thursday, on the grounds that a combined company would ...

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First Published: Fri, November 10 2017. 03:04 IST