CWA Throws Support Behind AT&T-Time Warner Deal


Last week, it was widely reported that the Department of Justice asked AT&T in a Monday meeting to divest Turner as a condition of winning approval, possibly owing to Donald Trump's distaste for CNN.

Reports from the USA claimed the DoJ wants AT&T to sell off news network CNN as a condition of its $85 billion takeover of CNN-parent Time Warner. The only remaining regulatory approval for the deal to go through needs to be given by the United States Department of Justice, with the federal agency reportedly making preparations for litigation after failing to find common ground with AT&T. The White House has also said that Trump has not spoken to Attorney General Jeff Sessions about the matter, nor were any White House officials authorized to speak to DOJ on it. "Throughout this process, I have never offered to sell CNN and have no intention of doing so", said Stephenson in a statement.

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The DOJ could file a lawsuit to block the $85 billion deal if it can't reach an agreement with AT&T.

Mergers are supposed to be evaluated on the economics, so White House intervention would cross a line. Now-President Trump originally objected to the merger over his clashes with CNN, a unit of Time Warner-owned Turner Broadcasting System which he repeatedly called "fake news" and accused it of giving him unfair coverage, both as a presidential candidate and later President.

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The latest news about the merger has put some Democrats in the position of questioning the independence of the Justice Department, even as they raise issues about a transaction they dislike or even want to see blocked. Bob Goodlatte (R-Va.), the chairman of the Judiciary Committee, asking for a hearing that would touch on political interference in merger review.

Per Recode, Trump told reporters on Air Force One that he "didn't make that decision - it was made by a man who's a very respected person, a very, very respected person".

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Sen. Amy Klobuchar (D-Minn.), ranking member of the Senate antitrust subcommittee, said that she is hoping to meet with Delrahim. "A lot of it has just been rumor, so I have not had a briefing on it". "We're prepared to litigate now" over the deal, he said at a forum.