Could CNN be sold off? AT&T ‘prepares to get rid of huge assets including TMZ and the news network’ during their $85billion merger

Saturday, August 5, 2017
By Paul Martin

CNN and celebrity gossip site TMZ could potentially be sold off after AT&T merges with Time Warner
The $85 billion deal was announced in October and will give AT&T control over Time Warner properties
Sources say AT&T executives are considering getting rid of some of Time Warner’s assets, including CNN and TMZ
AT&T is considering selling TMZ to a private equity company, sources say
CBS’s CEO reportedly said last month that he would be interested in acquiring CNN if it were to become available

By EMILY CRANE
DAILYMAIL.COM
5 August 2017

CNN and celebrity gossip site TMZ could potentially be sold off after AT&T merges with Time Warner, a report claims.

The $85 billion deal, which was announced in October, will give AT&T control of Time Warner properties including CNN, HBO and TMZ, as well as the film studio Warner Bros and other coveted media assets.

Sources told Deadline that AT&T executives are considering getting rid of some of Time Warner’s assets, including the cable news network and the celebrity gossip site.

CBS’s CEO Les Moonves reportedly said last month that he would be interested in acquiring CNN if it were to become available.

AT&T is considering selling TMZ to a private equity company, sources say.

‘They don’t want any controversy,’ one source said of AT&T.

AT&T CEO Randall Stephenson said back in October after the merger was announced that he was committed to ‘continuing the editorial independence of CNN’.

‘Independence is what makes CNN so popular and so valuable. We will not do anything to change that,’ he said.

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