Published: Sun, November 12, 2017
Economy | By Shawn Conner

Kushner Chided Time Warner to Fire 20% of CNN Staff

Kushner Chided Time Warner to Fire 20% of CNN Staff

AT&T may choose to force the DOJ's hand by moving to close the deal, which could trigger a court fight. Those remarks put AT&T and DOJ on a collision course, policy analysts said, which may lead to DOJ suing to block the deal. Stephenson has said he has no interest in selling CNN. The agency has a decades-long history of approving similar deals, including the merger of Comcast and NBCUniversal in 2011.

In the on-stage interview, Stephenson said that if AT&T is required to sell "some of the key franchises of the business that are the most desired for the business plan. we would move to litigation". The Justice official said no decision on the deal has been reached yet and that conversations continue.

"I do feel that you should have as many news outlets as you can, especially since so many of them are fake", Trump told reporters en route to Hanoi.

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The presentation and the tone and the hyperbole was just low-class bad, not good, I don't feel good about it. I believe what I believe, I do, but the tone and the hysterics were really uncalled for.

"The President did not speak with the Attorney General about this matter, and no White House official was authorized to speak with the Department of Justice on this matter", Shah said in an emailed statement late Wednesday.

The DOJ should forget about CNN and reject the merger to prevent further consolidation of media power.

The wireless giant had previously said that it expected the acquisition to take effect by the end of this year. AT&T announced plans a year ago to purchase Time Warner to create a juggernaut with more than 142 million mobile subscribers and a major player in pay TV broadcasting via DirecTV. Buying Time Warner would give AT&T more video through HBO, CNN, TBS, TNT and other cable networks and the Warner Bros. movie studio.

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Several Democratic senators warned the deal would lead to higher prices and fewer choices for consumers.

AT&T has argued against selling off either company's assets, as it believes this would undercut the rationale for the tie-up. "It's hard to imagine an antitrust argument that will be compelling" from the government, he said.

The US President's senior adviser Jared Kushner has reportedly filed multiple complaints to CNN regarding the broadcaster's coverage of the US election in 2016.

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The DoJ has said it does not comment on ongoing investigations. The government has the burden to show that the deal would reduce competition.

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