Randall L. Stephenson

AT&T chief says CNN coverage of Trump should not be an obstacle in merger review

AT&T chief says CNN coverage of Trump should not be an obstacle in merger review

AT&T Chief Executive Randall Stephenson indicated that President Trump’s tensions with CNN should not factor into the federal government’s blessing of AT&T’s proposed $85-billion purchase of Time Warner Inc., which owns the cable news network.

“I don’t know what the relevance is of CNN to an anti-trust review,” Stephenson said Wednesday at Vanity Fair’s new establishment summit in Beverly Hills. “I don’t anticipate that being an issue.”

AT&T is awaiting the U.S. Department of Justice’s approval for the Dallas telecommunication’s blockbuster acquisition of Time Warner Inc. The review has slowed because the Senate just last week approved Trump’s appointment of...

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