Fox Business: AT&T-Time Warner Deal Should Go Through, CNN Might Be Sacrificed

AT&T agreed to acquire Time Warner in October in an $85 billion deal that would combine assets including the Warner Bros. studio, CNN, HBO, DirecTV and AT&T Wireless in one massive conglomerate and make AT&T CEO Randall Stephenson one of the most powerful men in Hollywood.

[...] CNN is a very profitable asset that other media companies would certainly consider buying, and the company’s financial situation is healthy enough to conceivably stand alone.

“Here’s the one caveat that bankers are saying represents a possibility to make [the AT&T-Time Warner deal] fly through, because there’s still going to be some opposition, particularly from concentration of power, AT&T having 25 percent of all  distribution of programming and having the cable TV network like CNN cable news network in there,” Gasparino said.