This is the new MLex platform. Existing customers should continue to use the existing MLex platform until migrated.
For any queries, please contact Customer Services or your Account Manager. Dismiss

AT&T CEO floated possibility of CNN sale before DOJ's suit over Time Warner deal

( October 11, 2018, 21:29 GMT | Official Statement) -- MLex Summary: The US Department of Justice has released a redacted portion of a February 2018 deposition with AT&T CEO Randall Stephenson. In the deposition, Stephenson agreed that he first raised the subject of CNN in a meeting with US Department of Justice antitrust chief Makan Delrahim, his deputy Andrew Finch and AT&T General Counsel David McAtee in the fall of 2017 before the DOJ filed suit seeking to block AT&T's planned merger with Time Warner. Stephenson said he asked Delrahim, "If I were to walk in here tomorrow and tell you I had gotten my head around selling CNN, would that allow you to wave this deal through? And he said, unequivocally, no." Stephenson agreed that DOJ representatives sought the divestiture of Turner or all of DirecTV and did not suggest singling out CNN or management changes at CNN. When asked if he had any reason to believe there was a reason for the suit other than the case's merits, Stephenson said he had "suspicion."See document attached....

Prepare for tomorrow’s regulatory change, today

MLex identifies risk to business wherever it emerges, with specialist reporters across the globe providing exclusive news and deep-dive analysis on the proposals, probes, enforcement actions and rulings that matter to your organization and clients, now and in the longer term.


Know what others in the room don’t, with features including:

  • Daily newsletters for Antitrust, M&A, Trade, Data Privacy & Security, Technology, AI and more
  • Custom alerts on specific filters including geographies, industries, topics and companies to suit your practice needs
  • Predictive analysis from expert journalists across North America, the UK and Europe, Latin America and Asia-Pacific
  • Curated case files bringing together news, analysis and source documents in a single timeline

Experience MLex today with a 14-day free trial.

Start Free Trial

Already a subscriber? Click here to login

Documents

Related Sections