After the U.S. Department of Justice followed through today on its widely anticipated lawsuit seeking to block the AT&T acquisition of Time Warner, AT&T Chairman and CEO Randall Stephenson addressed reports that Donald Trump’s ongoing beef with Time Warner-owned CNN...
AT&T's CEO Randall Stephenson blasted the US Department of Justice over an impending lawsuit. The department is fighting to block a merger between AT&T and Time Warner. Stephenson said the company will not sell off CNN to satisfy the...Show More Summary
Is there a Fox in the Time Warner merger deal?
AT&T CEO Randall Stephenson said he is prepared to go to court to defend the telecom giant’s proposed takeover of Time Warner if settlement discussions with antitrust regulators fail. The Justice Department is pushing for major changes to the proposed merger.
AT&T is gearing up for a potential legal battle with the government over the company’s planned takeover of Time Warner, according to Randall Stephenson, the chief executive officer of the telecommunications giant. Stephenson, speaking at the New York Times’ DealBook Conference in New York City...
Randall Stephenson, CEO of AT&T, said this week’s slowdown of the company’s acquisition of Time Warner is based on a “patently false” notion that he would move to sell CNN in order to appease regulators. “Everybody is sitting on pins and needles,” he told CNBC’s Andrew Ross Sorkin at the New York Times Dealbook Conference in New York. Show More Summary
Here is what you need to know. The US Department of Justice told AT&T and Time Warner they must sell CNN parent Turner Broadcasting or DirecTV. The two companies are awaiting approval for their massive merger. AT&T CEO Randall Stephenson...Show More Summary
AT&T had expected the deal, announced in October 2016, to close by the end of the year. That may no longer be the case.
UPDATE: Nov. 8, 2017, 3:56 p.m. EST This piece has been thoroughly updated with the DOJ's claim that AT&T offered to sell CNN, and the AT&T CEO's denial of any offer to sell CNN. When AT&T agreed to buy Time Warner for $85 billion, the deal immediately encountered skepticism. These kinds of mega mergers tend to face a lot of government scrutiny. Show More Summary
It is uncertain whether the AT&T Time Warner deal will close
The US Department of Justice told AT&T and Time Warner that they must sell Turner Broadcasting — which includes CNN — or DirecTV if it wants to receive approval for their massive merger. AT&T CEO Randall Stephenson told Business Insider,...Show More Summary
Hello, everyone! Our 8th annual IGNITION: Future of Media conference is about 6 weeks away. We'll be at the Time Warner Center in New York City. We would love to see you there. This year, we'll be joined by, among others: HBO CEO Richard...Show More Summary
Randall Stephenson said the wireless carrier will use targeted advertising to change the TV market and lower prices for consumers.
AT&T Entertainment Group CEO John Stankey will indeed be in charge of the Time Warner properties after the telco completes its $85 billion acquisition. The company just announced that beginning this Tuesday Stankey will be CEO of AT&T’s...Show More Summary
“I think statements out of high political office ought to be considered statements."
Once it completes its $85.4 billion acquisition of Time Warner Inc., AT&T plans to redefine the role of CEO Randall Stephenson, among other big changes, Bloomberg reports. “Stephenson will oversee a pair of CEOs who will independently manage the company’s...
Time Warner execs may find themselves reporting to AT&T Entertainment Group CEO John Stankey if, as most analysts expect, the telco closes its $85 billion acquisition of the entertainment power. That’s under consideration — possiblyShow More Summary
Speculation by Bloomberg that AT&T will assign two seasoned executives as co-CEOs of an integrated company, once it buys Time Warner, makes sense, says Wells Fargo, given the complexity expected of the combined organization.
A U.S. coal company is firing back at John Oliver after the Last Week Tonight host slammed its CEO in a June 18 show. On Wednesday, Murray Energy filed suit against Oliver, HBO, and Time Warner for defamation. The lawsuit accuses Oliver...Show More Summary
Just as John Oliver predicted, he’s being sued by Trump pal and energy CEO Robert E. Murray. During Sunday’s Last Week Tonight segment on President Trump’s complicated relationship with coal and the mining industry, Murray — whom Oliver lovingly referred to as a “geriatric Dr. Evil” — was right in ... More »