5 minutes agoWhat's gonna happen to CNN? This is the action the U.S. Department of Justice took.
Periskopi(9 years ago)
(9 years ago)The U.S. Department of Justice has drawn up an indictment for blocking the purchase of Time Winter, owner of CNN and HBO by the telecom giant AT&T. The department said the merger would reduce competition and lead to higher prices for consumers. AT&T said it would counter the indictment, by [...]
The U.S. Department of Justice has drawn up an indictment for blocking the purchase of Time Winter, owner of CNN and HBO by the telecom giant AT&T.
The department said the merger would reduce competition and lead to higher prices for consumers. AT&T has said it will reject the indictment, calling it a radical distance from the competition practice in the United States.
US President Donald Trump rejected the agreement during his campaign last year, fuelling controversy. AT&T leaders said, meanwhile, that they thought the agreement has been on a good road until recently. They refer to concerns about potential political influence at a time when Trump himself is known as a loud critic of CNN, which is in my possession, Werner.
According to AT&T leaders, there have been many speculations and reports that everything is done for CNN. In his indictment, the Justice Department claimed that the deal, worth more than $85 billion when it was announced last year, would harm American consumers.
