Sridevi to inaugurate IFFI's Indian Panorama Section
Keystone XL Pipeline Clears Major Regulatory Hurdle
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NY cosmetic factory explosions leave more than 30 injured, including firefighters
National Security Adviser HR McMaster reportedly thinks Trump is an 'idiot'
AT&T chief Stephenson: CNN sale not a factor in DOJ/Time Warner talks
12 November 2017, 02:11 | Darnell Patrick
AT&T chief denies Justice Department asked for CNN sale
According to some news reports, the Justice Department toldAT&T it must sell CNN's parent unit or DirecTV, its pay-TV company, for the deal to go through.
The Justice Department wants AT&T to divest either Turner Broadcasting, which operates HBO and cable channel CNN, or its DirecTV satellite business to gain approval of the Time Warner deal, say reports. "Period", Stephenson said at The New York Times'Dealbook Conference.
Stephenson said he had his first meeting with Makan Delrahim, who head's the DOJ's antitrust division, on Monday.
Saudi Arabia dealt in Yemen airstrike
People inspect the rubble of houses destroyed by earlier Saudi-led airstrikes in Sanaa, Yemen. It is noted that the strikes were aimed at the Ministry of defense of Yemen.
Rutgers on the menu for Penn State homecoming
Veteran walk-on Brandon Smith started in Bowen's spot and made 10 tackles. "We got our momentum back, and we got our groove back". Penn State has hit the over in eight of its last nine games in November and in six of its last seven games following a loss.
How the Stars Are Honoring Veterans Day
Congress amended the 1938 act that had made Armistice Day a holiday, striking the word "Armistice" in favor of "Veterans". A war that had required the greatest mobilization of soldiers, sailors, Marines and airmen in the Nation's history .
AT&T (T) likely would win a court battle vs. the Department of Justice over its acquisition of media giant Time Warner, but don't expect a prolonged fight, analysts say.
Stephenson closed the door on selling CNN. If the DOJ sues AT&T to block the merger, "our preference would be sooner is better, and we're prepared to litigate now", he said. It's bad enough to think that AT&T might end up controlling CNN and HLN and charge its competitors more for the privilege of carrying them, but when we throw HBO and Warner Bros. into the mix, the potential for AT&T to become underhanded with on demand content becomes all the greater. "What gets discussed inside that [negotiating] room is highly privileged and I can not go there", he said.
"I miss the old horizontal mergers", Stephenson said with a rueful grin. The concern is that AT&T may force its competitors to pay higher prices to broadcast Time Warner's content, which the consumer would presumably feel one way or another. AT&T agreed to buy Time Warner for $85.5 billion in October 2016. Stephenson said AT&T would ask for an expedited hearing in order to move quickly through the court system.
England pacer Jake Ball suffers ankle injury
England have already sent fast bowler Steve Finn home because of a knee injury, calling up Tom Curran as his replacement. Fielding coach Paul Collingwood, 41, came on as a substitute fielder for Ball for one over.
You dine out, San Diego restaurants donate for Veterans Day
Menard, a combat engineer, will be the keynote speaker, discussing the contributions of Army engineers during war and peace. Wampsville - Madison County will honor its veterans with a ceremony at its county veterans memorial at 11 a.m.
Record-low temperatures set to sock NYC
Wrap up warm this weekend: temperatures in the capital are about to plummet, as a mass of Arctic air moves across the UK. A little warmup on Sunday with temperatures back in the upper 40s and a chance for rain showers by Sunday evening.