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

  

Category:  News & Politics

Via:  suz  •  2 weeks 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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Suz
1  seeder  Suz    2 weeks ago

I'll have to climb up my watch tower to see how it all develops. 

 
 
 
MAGA
1.1  MAGA  replied to  Suz @1    2 weeks ago

Trump ought to buy it!  

 
 
 
devangelical
1.1.1  devangelical  replied to  MAGA @1.1    2 weeks ago

who would loan that kind of money to someone with his past history? even his damaged brand is marketing poison as a proven loser now.

 
 
 
Tacos!
1.1.2  Tacos!  replied to  MAGA @1.1    2 weeks ago

And rename it to TNN.

 
 
 
Suz
1.1.3  seeder  Suz  replied to  devangelical @1.1.1    2 weeks ago

If that's what you think, fine, but don't forget Hillary and her husband were stone broke too.  No one believed it but that was her claim.

 
 
 
Suz
1.1.4  seeder  Suz  replied to  devangelical @1.1.1    2 weeks ago

Whatever floats your boat.

 
 
 
Split Personality
1.1.5  Split Personality  replied to  Suz @1.1.3    2 weeks ago

But they did not have any real estate.

Trump owns 8 hotels and golf courses

 
 
 
Greg Jones
2  Greg Jones    2 weeks ago

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

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Tacos!
2.1  Tacos!  replied to  Greg Jones @2    2 weeks ago
They have a lot of good journalists there

Someone has to park the cars.

 
 
 
Split Personality
3  Split Personality    2 weeks 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
4  bugsy    2 weeks 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.

 
 
 
MAGA
4.1  MAGA  replied to  bugsy @4    2 weeks ago

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

 
 
 
Split Personality
4.1.1  Split Personality  replied to  MAGA @4.1    2 weeks ago

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

 
 
 
bbl-1
5  bbl-1    2 weeks 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
6  Sunshine    2 weeks ago

Nick Sandmann should buy it.

 
 
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