Time-Warner stock down after DOJ demands CNN to be sold as condition for AT&T deal

[Deranged Rhino]

Curious to have some of the economists discuss this story and give their thoughts.

https://www.cnbc.com/2017/11/08/att-cfo-says-timing-of-time-warner-deal-closing-now-uncertain-dj.html

[sherpa]

I don't think AT&T cares much about CNN at all, as it relates to this.

[Deranged Rhino]

1 minute ago, sherpa said:

I don't think AT&T cares much about CNN at all, as it relates to this.

 

I don't either. 

 

Though in light of the now year long narrative that Trump's administration is at "war" with the press, this feels like something that's going to be overstated/inflamed to score political points. 

For example, this Recode headline:

Trump wants to punish CNN by breaking up the AT&T/Time Warner deal

https://www.recode.net/2017/11/8/16624946/trump-punish-cnn-att-time-warner

[Azalin]

It's been a stated goal of AT&T to become a content provider while remaining a delivery provider for some time now. That said, the hierarchy will bend over backwards to avoid providing anything that may alienate potential customers, and CNN doesn't have the best reputation at this point in time. They're also not doing very well in the ratings, as I understand.