Tuesday, 25 October 2016

Breaking News: AT&T Project $85.4 billion For Trump

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AT&T's proposed $85.4 billion acquisition of Time Warner has cast renewed attention on the financial performance and journalistic independence of one of the media conglomerate's best-known possessions, CNN.

"You have to allow the organization to run independently," AT&T Chairman and CEO Randall Stephenson tells NPR. "It's not an altruistic thing either. I mean, I personally think it's a smart business thing to do. If the customer ever believes that the news is being tainted by the opinion of myself or somebody else within AT&T, that's brand damaging."
Internally, some hope CNN's financial performance will help ensure its independence and continued funding. The network has turned a financial corner thanks to the painstaking initiatives of its chief, Jeff Zucker, and to the unpredictable words of another man not employed by CNN: Donald Trump.

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