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Someone ’Interested in Buying CNN’ after Reports Trump Admin. May Force AT&T to Sell It
Local Editor

Rupert Murdoch is said to be interested in buying CNN - which, if true, could prove to be an interesting development given Murdoch's reported close association with Donald Trump, who has repeatedly railed against the network.


Rupert Murdoch

The news comes after reports saying Trump's administration may force AT&T to ditch the network to receive antitrust approval of its $85.4bn deal with Time Warner.

According to Reuters, Murdoch called AT&T chief executive Randall Stephenson twice in the last six months and talked about CNN.

One of the outlet's sources said Murdoch offered to buy CNN in both conversations, while another source said the 86-year-old executive chairman of Twenty-First Century Fox had "zero interest" in owning the network.

It would not be the first time Murdoch has expressed interest in taking over CNN.

In 2014, Twenty-First Century Fox proposed buying Time Warner for $80bn. But the company abandoned the plan in the face of Time Warner's resistance, Reuters said.

If the companies had stuck a deal, Fox had planned to sell CNN - which competes directly with Fox News - to avoid antitrust issues.

Over the past year, AT&T's proposed merger with mass media company Time Warner has received significant antitrust scrutiny.

When the telecommunications giant and Time Warner announced their deal last October, then-candidate Trump said his administration would never approve such a combination "because it's too much concentration of power in the hands of too few."
 
Source: News Agencies, Edited by website team

 

11-11-2017 | 13:02


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