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AT&T reportedly looking to sell CNN after 'hit' from 'hating Trump': Gasparino

  

Category:  News & Politics

Via:  suz  •  4 years ago  •  15 comments

By:   Caleb Parke

AT&T reportedly looking to sell CNN after 'hit' from 'hating Trump': Gasparino
AT&T is reportedly $150 billion in debt

I would love to know what Lemony Lemon and Fredo Cuomo think.  Maybe not.


S E E D E D   C O N T E N T



AT&T is reportedly looking at selling CNN to pay its massive debt, but the cable news company may have hit its peak "hating Trump," Fox Business Network senior correspondent Charlie Gasparino argued Friday.

"CNN does not have Donald Trump to kick around anymore and their ratings will take a hit," he told " Tucker Carlson Tonight ," given the current projected presidential election results.

He reports that AT&T is "financially unstable" with $150 billion in debt.

"They need to cut costs. There's an active investor out there," Gasparino said.

Despite the low odds of any deal in the immediate future, a sale of CNN to billionaire Jeff Bezos would make sense from both sides, media investment bankers tell FOX Business.

"I'm not a CNN hater. They have a lot of good journalists there," Gasparino said. 

  "This rumor is real," he said. "AT&T is a screwed up company and ... CNN like a lot of media companies, it may have hit its peak, hating Trump."


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Greg Jones
Professor Participates
2  Greg Jones    4 years ago

"I'm not a CNN hater. They have a lot of good journalists there,"

jrSmiley_10_smiley_image.gif

 
 
 
Tacos!
Professor Guide
2.1  Tacos!  replied to  Greg Jones @2    4 years ago
They have a lot of good journalists there

Someone has to park the cars.

 
 
 
Split Personality
Professor Guide
3  Split Personality    4 years ago

Fox has definitely hit it's peak defending Trump.

ATT on the other hand has plenty of options.  They keep toying with the idea of selling Warner Bros games for 4 billion

or selling the whole WB package .

AT&T currently owes over $150 billion in debt, but sub-2% bond interest rates and lucrative broadband business give the company extreme confidence in managing these colossal numbers.
Read more:

That's reality.

At the recent 23rd Annual Oppenheimer Conference, AT&T Chief Financial Officer John Stephens discussed the company's strategies and current position to handle its $152 billion in debt, and gives slight inference on whether or not WarnerMedia's WB Games division will be sold. Reports say Warner Bros., who is wholly-owned by AT&T, will sell of its gaming division in a $4 billion deal that includes all major game studio subsidiaries like Netherealm, Monolith, WB Montreal, and Rocksteady.

The sell-off would be primarily motivated by chipping away at the company's massive debt, while also setting WarnerMedia up for recurring royalty fees as it licenses its franchises and IPs out to third-party developers instead of investing the millions themselves. This would eliminate a portion of WarnerMedia's spending while simultaneously netting a big billion-dollar influx of cash to help reduce the debt or reinvest into other services, like HBO Max.

Read more:

The seed is just Gaspirino spouting off again as if he were a Murdock or Ailes.

Another nothing burger from Fox Entertainment.

 
 
 
bugsy
Professor Participates
4  bugsy    4 years ago

CNN is going further into life support now that Trump is probably going to leave office. Hate Trump was the only thing they had and their viewers, the few that remain, will no longer be interested because there will be no orange man bad to hate on day after day.

ATT is going to take a huge loss of they do sell CNN....or nobody will want to buy it.

 
 
 
XXJefferson51
Senior Guide
4.1  XXJefferson51  replied to  bugsy @4    4 years ago

They are now the C(Biden)(fake)N Network. 

 
 
 
Split Personality
Professor Guide
4.1.1  Split Personality  replied to  XXJefferson51 @4.1    4 years ago

True to form, more childish nonsense, which diminishes your persona and doesn't harm Biden at all.

 
 
 
bbl-1
Professor Quiet
5  bbl-1    4 years ago

Wouldn't worry about CNN.  AT&T is over priced, over leveraged and under performing with to many taking to much off the top.

Trump hatred?  The man is a loon.  After January 20, 2021 he's going to need good lawyers---I truly hope they get their money up front though.

 
 
 
Sunshine
Professor Quiet
6  Sunshine    4 years ago

Nick Sandmann should buy it.

 
 

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