AT&T Must Sell CNN for Time Warner Deal to Go Through (Report)

READ ON: TheWrapTheWrap

Regulators are demanding that AT&T sacrifice cable news powerhouse — and frequent target of President Trump — CNN in order for its merger with Time Warner to be approved, the Financial Times reported Wednesday.

“It’s all about CNN,” one person with direct knowledge of the talks between the company and Justice Department told the newspaper.

More to come…

Related stories from TheWrap:

AT&T Exec Suggests Time Warner Deal May Not Close by Year's End After All

AT&T, Time Warner Shares Drop as Justice Department Weighs Antitrust Suit to Block Merger

AT&T Just Lost $16.5 Billion Ahead of Time Warner Takeover