AT&T CEO Stephenson meets with Trump to discuss the company's proposed purchase of Time
by Alan Friedman / Jan 12, 2017, 10:45 AM
AT&T wants to make more content available to its subscribers by purchasing Time. Hoping to persuade the President-elect to reconsider the transaction, AT&T CEO Randall Stephenson is apparently meeting today with Trump. The AT&T executive was spotted inside Trump Towers and a spokesman for Trump confirmed that the two will meet today.
The Presodent-elect is still against the deal according to a source inside the transition team. Besides needing the Justice Department and the FCC to sign off on the transaction, Time stockholders also must approve the deal. A vote will take place on February 15th.
Among the properties that AT&T will own if it closes on the transaction are Warner Brothers Studio, HBO, TNT, TBS, CNN and 10% of streaming video company Hulu. Last year, AT&T purchased television content provider DirecTV for $48.5 billion.
Posts: 63; Member since: Nov 27, 2016
"Among the properties that AT&T will own if it closes on the transaction are Warner Brothers Studio, HBO, TNT, TBS, CNN and 10% of streaming video company Hulu. Last year, AT&T purchased television content provider DirecTV for $48.5 billion."
posted on Jan 12, 2017, 11:07 AM 3
Posts: 1409; Member since: Oct 24, 2016
Yup:) This time as we saw, the 'kompromatt' against Trump didn't come from Russia, as was expected, but from US!!! WTF?
posted on Jan 12, 2017, 11:19 AM 0
It came from a former MI-6 agent, months before that "4chan" comments the Trump supporters keep linking. It is still unverified at this time but I dont doubt it at all. Much more believable then Obama being muslim/born in Kenya/pizzagate, etc. This same guy also broke information on the heavy corruption in FIFA which was proven to be true
posted on Jan 12, 2017, 11:30 AM 2
Posts: 1409; Member since: Oct 24, 2016
You are confused with, who collect ''information'' false or not, and who use it to attack the opponents. And yes, the 'kompromatt' against Trump didn't come from Russia, as was expected, but from US!!! WTF? Same agency that pretend now, that protect him from it? You are example that they did good job. LOL
posted on Jan 12, 2017, 12:47 PM 0
IC didn't leak it, former MI-6 agent did.. There is something eerily off with Trump when it comes to Russia... We dont know how deep his ties go, in 2013 he admitted he has a relationship with Putin and this year he said "he never met Putin" Him and Rex Tillerson and this corrupt ass Trump adminstration who has ties to Russia far deeper then anyone could have imagined. Doesn't release his tax returns, never says nothing bad about Russia, praises war criminal Putin who is a big part of the slaughter that has occurred in Aleppo, etc Lets hope there are much more deeper investigations into Trump and his administrations true ties to Russia. Got to stop this treasonous tool and his incompetent administration that is going to ruin America Donald Trump false misinformation tactic not gonna work here, dude said James Clapper called him to say the information is wrong and misleading, LIE, All Clapper said was that the Intelligence Commitee did not leak this info, that was it. Reeks of suspicion to anyone with half a brain in their skull
posted on Jan 12, 2017, 6:36 PM 0
Posts: 2362; Member since: Feb 14, 2011
On the one hand, this is something that can be seen as monopolistic in nature and a corporation holding too much power over not just media channels but how people obtain their media (AT&T would now have control over contracts that go to other cable providers). AT&T could also potentially hold power to put commercials on those networks without any real cost (or even have AT&T phones be used on certain episodes of your favorite TV show). On the other hand, this could drive competition and bring down costs if AT&T is able to, through DirecTV, offer more channels at a lower price to consumers. But, then again, it's AT&T. When was the last time they brought down costs for consumers?
posted on Jan 12, 2017, 11:23 AM 0
Posts: 17357; Member since: Jun 17, 2009
It doesn't matter if it's AT&T, Verizon or any company. To much control in an industry focused in any one corporation will lead to decreased competition, and fewer choices for consumers (and higher prices ultimately, though corporations often initially drop prices slightly to push a deal through.
posted on Jan 12, 2017, 12:30 PM 3
Posts: 115; Member since: Dec 20, 2012
Something doesn't seem right about this. So if I'm a large company attempting to buy another but facing regulatory challenge, all I have to do is meet with who's in the White House and suck up to them? Pandora's box
posted on Jan 12, 2017, 4:08 PM 1
Posts: 1061; Member since: Nov 30, 2010
AT&T you don't need to own something to use it. I believe you can lease or even form a partnership.. It's so clear AT&T is attempting to form a monopoly again.....something they promised wouldn't happen after being split into different companies.
posted on Jan 13, 2017, 4:48 AM 0
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