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AT&T ready to fight 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 a negotiated settlement is not reached, the wireless company's chief executive said on Thursday.Justice Department staff 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. 01:24 IST