If The Don told the DOJ
If The Don told the DOJ to block AT&T from buying CNN after failing to use the merger to change CCN coverage of himself, then is that a a clear-cut abuse of Presidential Power?
AT&T CEO Stephenson was adamant that he won't agree to sell CNN to placate Trump.
This is interesting enough to dig into it a bit deeper. But I just could not get over my bias. I hate anything close to monopolies. I hate a Telecom becoming "to big to fail".
Mergers, acquisition and arbitrage get me all edgy.
So then I looked to motivations of all three parties. AT&T is just into for stock reasons and more control over the extended industry/market. CNN is failing and needs a corporate bail out.
DOJ most often blocks mergers until assurances are hammered out especially one of this size.and a buyout is the most suspicious characters of all. I would look more carefully at the SEC. Those guys could definitely block this with good reason.
To my understanding AT&T is not using cash reserves to make this deal but are leveraging assets which could very seriously harm investors.
Hate him or love him the Chief executive of the USA can block mergers for whatever he feels is best for the country.
For me, I think CNN should stay independent because a buyout may effect CNN's liberal bent more toward the middle in order to increase it's viability. I think they need to stay the course.
good answer, but I think this is a vertical merger.
Maybe. So AT&T is at the communications provider lever and CNN a content provide levels? And they do not now compete with each other?
Perhaps the perfect kind of case for judicial determination.
The last thing we need is a bigger ATT. CNN should die its lonely spiraling death. It should take down the other so called NEWs services. There is nothing newsworthy on any of them today.
by Jack Lee7 months ago
The latest revelation of hidden video with John Bonifield of CNN by project Veritas points to a real problem in our news organizations. Something many of us have known for a long time. Can CNN survive this latest...
by fishskinfreak20087 years ago
Web-site/URL: http://www.cnn.com/2010/OPINION/02/11/r … tml?hpt=T2She "should" SHUT UP & GET OFF THE STAGE
by Mike Russo11 months ago
Will CNN and other news outlets ban Kelly Anne Conway from appearing on their shows?Kelly Anne Conway is now famous for her "Alternate Facts" about Trump's inauguration crowd size, Bowling Green Kentucky...
by Sondra Rochelle3 years ago
I am wondering if the merger between Hub Pages and Squiddo will affect our standing with Google.All of us here have worked very hard to improve this site so that Google, finally, has begun to view us as a credible...
by Susie Lehto2 years ago
Cable news sites like CNN need to be left-out of the presidential campaigns. CNN false news was caught for their sneaky-editing of what Donald Trump actually said to make it sound as if he was saying something he...
by Jack Lee13 months ago
Is trump getting a taste of his own medicine?As bad as the fake news published lately by Buzzfeed and CNN, it is ironic how Trump now denounce this while during the primaries, he did the same thing to his opponents.I am...
Copyright © 2018 HubPages Inc. and respective owners.
Other product and company names shown may be trademarks of their respective owners.
HubPages® is a registered Service Mark of HubPages, Inc.