AT&T deal delay? Reports say gov't wants TV properties sold
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November 9, 2017
NEW YORK (AP) — AT&T says it's uncertain when its $85 billion deal for Time Warner will close, making investors worry that regulators may try to block it or require significant changes.
Reports from The New York Times , CNN and other outlets, citing unidentified people, said the Justice Department wants to require the companies to sell Turner Broadcasting, which houses CNN, TBS and TNT; or to sell satellite TV provider DirecTV, which AT&T bought in 2015.
AT&T CEO Randall Stephenson said in a statement, "I have never offered to sell CNN and have no intention of doing so." AT&T officials did not...
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