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AT&T (T) could spin off cable news channel CNN as part of concessions to get Trump administration approval of its Time Warner (TWX) acquisition, speculates a Wells Fargo analyst.
AT&T, through a spokesman, declined to comment on any possible CNN spinoff.
AT&T CEO Randall Stephenson met with President-elect Donald Trump on Thursday. AT&T issued a statement saying the pair did not discuss the telecom giant’s proposed $85 billion merger with Time Warner. Trump and Stephenson discussed job growth, the phone company’s capital spending and other economic topics, AT&T said. – READ MORE