The source said the companies were told that Time Warner would need to sell off Turner, the television division that includes CNN. The other option would be for AT&T to sell its DirectTV division, the source said. On Wall Street, Time Warner fell 6.5 percent to close at $88.50, while AT&T shares jumped 1.1 percent to close at $33.44. "Throughout this process, I have never offered to sell CNN and have no intention of doing so," he said. Time Warner also includes a media group with popular content that includes sports, movies and television series.

Source: The Nation Bangkok November 08, 2017 22:07 UTC