Home / Top Story / Trump says AT&T deal for Time Warner could end up in litigation

Trump says AT&T deal for Time Warner could end up in litigation

WASHINGTON — President Donald Trump indicated that the Justice Department may try to block AT&T.’s proposed purchase of CNN owner Time Warner, saying “it will probably end up being maybe litigation.”

AT&T is preparing for a court battle if the Justice Department tries to prevent the $ 85.4 billion deal. The Justice Department has asked that assets like cable news network CNN and satellite TV provider DirecTV be sold, according to people familiar with the matter. AT&T has said it won’t sell CNN, a regular target of Trump’s Twitter attacks against what he calls “fake news.”

Trump was asked about the dispute during his trip to Asia.

“We’ll see how that — it will probably end up being maybe litigation, maybe not. We’ll see how it all plays out,” Trump said aboard Air Force One, according to a White House’s transcript.

Rupert Murdoch contacted AT&T CEO twice about buying CNN

AT&T discussed the Time Warner deal on Monday with Makan Delrahim, the Justice Department’s antitrust chief, AT&T CEO Randall Stephenson said Thursday. Stephenson said selling CNN would make no sense and run counter to his plan to build a media distribution business.

Some Democratic lawmakers are calling the uproar over the cable news network political. During his campaign last year, Trump said the purchase would concentrate media power.

Trump was asked if he wants AT&T to sell CNN.

“Well, I didn’t make the decision,” Trump said, according to the White House transcript. “That was made by a man who’s actually a very respected person — a very, very respected person.”

DOJ wants AT&T to sell CNN before Time Warner merger

MANDATORY CREDIT

Donald Trump in the White House

The decision would be made by Delrahim, who was nominated by Trump and joined the Justice Department’s antitrust division in September after being confirmed by the Senate.

“I did make a comment in the past as to what I think,” Trump said. “I do feel that you should have as many news outlets as you can, especially since so many of them are fake. This way, at least you can get your word out. But I do believe you should have as many news outlets as you can.”

Trump during a campaign appearance in 2016 called the AT&T-Time Warner deal “an example of the power structure I’m fighting” and called it “a deal we will not approve in my administration because it’s too much concentration of power in the hands of too few.”

___

Roger Stone kicked off Twitter after profanity-laced rant at CNN

(c)2017 Bloomberg News

Visit Bloomberg News at www.bloomberg.com

Distributed by Tribune Content Agency, LLC.

With

Tags:
donald trump
time warner
at&t

Send a Letter to the Editor

Join the Conversation:
facebook
Tweet

News Rss

Leave a Reply

Your email address will not be published. Required fields are marked *

*