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AT&T rocked by idea it sells off CNN to oil Time Warner deal

As we went to press, it leaked out of AT&T and Justice Department discussions that the two were discussing likely remedies before allowing its merger with Time Warner to go ahead. One asset named was the sale of CNN. Critics of the deal have been quick to point the finger at President Donald Trump, who refers to CNN as “fake news,” and who may want it out of the deal before allowing it to go ahead. Other suggestions have been that DirecTV could be sold, to allow the Time Warner deal to go ahead, which would be nonsensical. Our take is that DirecTV outside of the US is already on the table with Brazilian and Mexican authorities, and that the…

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