Time Warner Inc. investors are becoming convinced the company’s sale to AT&T Inc. will get done, even though President Donald Trump at one point seemed intent on stopping it. But don’t get too excited.
Category: Time Warner
AT&T’s Flashing Yellow Light
Time Warner Inc. investors are becoming convinced the company’s sale to AT&T Inc. will get done, even though President Donald Trump at one point seemed intent on stopping it. But don’t get too excited.
Nordic-Baltic 5G telecoms cooperation to be unveiled Tuesday: Norway
Nordic and Baltic countries will present a joint initiative on Tuesday regarding so-called 5G, or fifth-generation mobile networks, Norway’s Ministry of Transportation and Communication said. The presentation will take place at the Barcelona Mobile World Conference at 0830 GMT, the ministry said in a statement.
Samsung SDI says Samsung Elec’s head of memory business chosen as new CEO
South Korea’s Samsung SDI Co Ltd said on Tuesday that Jun Young-hyun, the head of memory business at Samsung Electronics Co Ltd, has been chosen as its new CEO. WASHINGTON The head of the U.S. Federal Communications Commission does not expect to review AT&T Inc’s planned $85.4 billion acquisition of Time Warner Inc , a spokesman for the agency said on Monday.
No AT&T-Time Warner merger review expected
The head of the U.S. Federal Communications Commission does not expect to review AT&T Inc’s planned $85.4 billion acquisition of Time Warner Inc , a spokesman for the agency said on Monday. FCC Chairman Ajit Pai had told the Wall Street Journal in an interview on Monday at the Mobile World Congress in Barcelona that he did not foresee a role for the FCC on the takeover and his comments were confirmed to Reuters by FCC spokesman Neil Grace.
FCC Chairman Doesn’t Expect to Review AT&T-Time Warner
The new chairman of the Federal Communications Commission said Monday he didn’t expect the agency to have a role in reviewing AT&T Inc.’s $85 billion takeover of Time Warner Inc. In an interview at Mobile World Congress in Barcelona, Ajit Pai said he understood the companies have structured the deal so that no airwave licenses would be…
Time Warner to Sell TV Station Amid AT&T Merger
“Time Warner Inc. agreed to sell its Atlanta television station to Meredith Corp. for $70 million,” confirms the Wall Street Journal , “removing a significant factor that could have prompted the Federal Communications Commission to review Time Warner’s $85 billion sale to AT&T Inc.” New FCC Chairman Ajit Pai has yet to say whether he plans to have the agency review AT&T’s mega-purchase. As of press time, he has also declined to remark on what impact the Atlanta station sale might have on any possible FCC review.
Jessica Holscott will work closely with Lori Lee, AT&T’s integration leader.
Time Warner has picked head of investor relations Jessica Holscott as its lead executive for the planning of the entertainment company’s integration into telecom giant AT&T. Holscott, who has been senior vp of investor relations since late last year, will work closely with Lori Lee, AT&T’s integration leader and senior executive vp and global marketing officer.
Senators Want Sessions to Review AT&T, Time Warner Deal
The planned $85 billion merger between AT&T and Time Warner could be facing further scrutiny as top senators on the Judiciary Committee are urging the DOJ to look into the deal further, due to antitrust concerns. Subcommittee chair Sen. Mike Lee and Amy Klobuchar sent a letter to Attorney General Jeff Sessions highlighting parts of the deal they find concerning, The Hill reports.
AT&T says its merger with Time Warner is exactly what customers want
With AT&T planning to avoid a Federal Communications Commission review of its merger with Time Warner, Senate Democrats led by Al Franken recently asked the company to prove that the acquisition will benefit Americans. AT&T gave its response on Friday with a letter that describes the merger’s promised benefits-including targeted advertising.
‘Lego Batman Movie’ Expected to Top President’s Day Weekend Box Office
The Lego Batman Movie should come in first place again at the domestic box office this President’s Day weekend. The animated film from Time Warner’s Warner Bros.
Disney’s CEO Says There Are Too Many Commercials on TV
“I think that in general, there is probably too much commercial interruption in television,” he told investors on the company’s first-quarter earnings call. Disney will specifically look at lowering ad load on ABC and ESPN.
Speculation Builds on a Verizon-Charter Tie-up, No Offer Made
U.S. cable company Charter Communication Inc shares rose as much as 10 percent on Thursday after the Wall Street Journal reported a preliminary approach by Verizon Communications Inc about a tie-up, but Reuters sources said no proposal was made. Speculation over a combination of the two companies has been building steadily since last month, when Verizon Chief Executive Officer Lowell McAdam told Wall Street analysts that such a deal would make “industrial sense.”
Democratic senators want AT&T to detail Time Warner deal benefits
WASHINGTON: Thirteen Democratic senators on Wednesday asked AT T Inc to explain how its planned US$85.4 billion takeover of Time Warner Inc is in the public interest, as the company hopes to avoid a review of the deal by the primary U.S. telecommunications agency.Earlier this month, AT T said in a securities filing it expected to bypass the U.S. Federal Communications Commission in its acquisition of the owner of HBO, CNN, Turner Broadcasting and Warner Brothers and only face U.S. Justice Department review.AT T does not plan to acquire a Time Warner TV station in Atlanta that has an FCC license, which would automatically trigger a review.Democratic senators Al Franken, Elizabeth Warren, Bernie Sanders, Ed Markey and nine others urged AT T and Time Warner in a letter to submit a public interest statement to them by Feb. 17 that would required as part of an FCC review “detailing how you … (more)
Trump meets with AT&T execs about Time Warner merger
Donald Trump Trump vs. the Democrats: Is this the end of the 100-year war over the Estate Tax? French far-right leader Le Pen spotted at Trump Tower Pompeo would ‘absolutely not’ obey torture order from Trump MORE on Thursday morning met with AT&T CEO Randall Stephenson as the company pushes for support for its planned merger with Time Warner. Stephenson and Robert Quinn, AT&T’s senior vice president for legislative affairs, arrived at Trump Tower shortly after 9 a.m., according to pool reports.
Trump Said to Tell Confidant He Remains Opposed to AT&T Deal
Donald Trump remains opposed to the megamerger between AT&T Inc. and Time Warner Inc. because he believes it would concentrate too much power in the media industry, according to people close to the president-elect, who has been publicly silent about the transaction for months. Trump told a friend in the last few weeks that he still considers the merger to be a bad deal, said one of the people, who asked not to be identified because the conversation was private.
AT&T sees faster path for deal
AT&T Inc. and Time Warner Inc. said they can avoid having the Federal Communications Commission scrutinize their proposed merger, eliminating a significant hurdle in the path of the $85.4 billion deal, which has attracted criticism from President-elect Donald Trump. “While subject to change, it is currently anticipated that Time Warner will not need to transfer any of its FCC licenses to AT&T in order to continue to conduct its business operations after the closing of the transaction,” the companies said in a regulatory filing dated Thursday.
Trump Tells Confidant He Still Opposes AT&T-Time Warner 2 hours ago
Time Warner Inc. because he believes it would concentrate too much power in the media industry, according to people close to the president-elect, who has been publicly silent about the transaction for months. Trump told a friend in the last few weeks that he still considers the merger to be a bad deal, said one of the people, who asked not to be identified because the conversation was private.
Broadband Carriers Urge FCC To Roll Back New Privacy Rules
Broadband carriers are urging the Federal Communications Commission to reconsider its stringent new privacy rules, which require carriers to obtain consumers’ opt-in consent before drawing on their Web-surfing data for ad targeting. In a petition filed Monday, the trade group US Telecom Association argues that carriers shouldn’t be subject to tougher rules than other Web companies — like search engines and social networking services.