Money Fox's Rupert Murdoch Is Said to Have Called AT&T's CEO About CNN

17:00  13 november  2017
17:00  13 november  2017 Source:   bloomberg.com

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21st Century Fox Inc. Executive Chairman Rupert Murdoch made two calls to AT & T Inc. Chief Executive Officer Randall Stephenson to discuss CNN and whether there were plans to sell the news channel, according to people familiar with the situation.

(Bloomberg) -- 21st Century Fox Inc. Executive Chairman Rupert Murdoch made two calls to AT & T Inc. Chief Executive The CEO said he’d received calls about selling CNN . Such a move would make no sense and run counter to his plan to build a media distribution business, Stephenson said .

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(Bloomberg) -- 21st Century Fox Inc. Executive Chairman Rupert Murdoch made two calls to AT & T Inc. Chief Executive The CEO said he’d received calls about selling CNN . Such a move would make no sense and run counter to his plan to build a media distribution business, Stephenson said .

Rupert Murdoch telephoned AT & T Inc Chief Executive Randall Stephenson twice in the last six months and talked Another source said Murdoch had “zero interest” in owning CNN . According to one of the sources on Friday, Murdoch called Stephenson twice, unprompted, on May 16 and Aug.

(Bloomberg) -- 21st Century Fox Inc. Executive Chairman Rupert Murdoch made two calls to AT&T Inc. Chief Executive Officer Randall Stephenson to discuss CNN and whether there were plans to sell the news channel, according to people familiar with the situation.

Fox had no interest in buying the cable news network, and Murdoch didn’t offer to buy it, one of the people said, declining to be identified because the conversations were private.

Another person familiar with the situation said Murdoch did express interest in buying CNN.

Rupert Murdoch © Amy Sussman/Invision/AP Rupert Murdoch Stephenson reiterated this week that he wasn’t interested in selling CNN and hadn’t offered a sale as a condition to gain U.S. approval of AT&T’s planned acquisition of Time Warner Inc. The talks were reported earlier by Reuters.

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"There have been a lot of people" who have "expressed interest in CNN ," AT & T CEO Randall Stephenson said Thursday. According to a new report, Fox News CEO Rupert Murdoch was one of them.

President Donald Trump confidant Rupert Murdoch contacted AT & T Chief Executive Officer Randall Stephenson twice in the last six months to ask One source said he offered to purchase the network in both phone calls , while another said Fox has no interest in acquiring CNN , according to Bloomberg

CNN has emerged as a lightning rod because of criticism by President Donald Trump, whose Justice Department is reviewing the acquisition.

As head of CNN’s biggest competitor, Fox News, Murdoch would have a vested interest in learning about Stephenson’s plans. 

Murdoch is a Trump confidant, and the president has praised Fox News’s coverage of his administration.

AT&T met with the Department of Justice’s antitrust chief Makan Delrahim Monday and discussed the Time Warner deal, Stephenson said Thursday.

The CEO said he’d received calls about selling CNN. Such a move would make no sense and run counter to his plan to build a media distribution business, Stephenson said.

AT&T Chief Financial Officer John Stephens told investors at a conference on Tuesday that the timing for completion of the Time Warner acquisition was now uncertain.

The Justice Department had asked that assets like CNN and DirecTV be sold, people familiar with the matter said previously. AT&T told its legal team to prepare for a court fight.

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Source: http://uk.pressfrom.com/news/money/-224176-foxs-rupert-murdoch-is-said-to-have-called-at-ts-ceo-about-cnn/

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