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Pro-Trump News Outlet One America News Mostly Funded By AT&T – Report
One America News, the upstart far-right media outlet best known for doggedly backing Donald Trump before, during and after his presidency, got about 90% of its financial backing from AT&T.
That eye-opening news, which met with pushback from the telecom giant, was reported in an investigative piece by Reuters. The news…
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By Dade Hayes
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47 Comments Comment on Pro-Trump News Outlet One America News Mostly Funded By AT&T – Report
Carl Icahn Sets Succession Plan; Corporate Raider Tormented Time Warner & Lionsgate
Longtime corporate raider Carl Icahn, who famously tried to break up Time Warner in 2006 and takeover Lionsgate in 2010, announced a succession plan Thursday where his son Brett to succeed him as CEO of the family's investment business — in seven years.
During that time, the younger Icahn will join the board, manage a…
AT&T Shares Rise, Donald Trump Takes Swipe After Activist Hedge Fund Elliott Management Takes $3.2B Stake
UPDATED with stock movement, Trump comments: AT&T shares rose more than 4% to $37.88 in early trading Monday – one of the stock’s biggest one-day gains in months – after activist hedge fund Elliott Management disclosed a $3.2 billion stake in the telecom and media giant.
The news attracted the interest of President…
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By Dade Hayes
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White House Rejects Democratic Request For Docs On AT&T-Time Warner Merger
The White House has declined a request by two House Democrats for documents that could show whether President Donald Trump tried to block AT&T’s $85 billion acquisition of Time Warner.
White House counsel Pat Cipollone said in a letter dated Monday to Judiciary Chairman Jerry Nadler (D-NY) and antitrust subcommittee…
WarnerMedia Exec Reshuffling Amps Up Culture Clash With AT&T, Analyst Says: “We’ve Seen This Movie Before”
Craig Moffett, a veteran Wall Street analyst who has been tracking AT&T along with the larger media, telecom and digital realm for more than a generation, cast a wary eye on the management reshuffling at AT&T’s WarnerMedia.
In a blog post this morning, the influiential MoffettNathanson partner said the news of Bob…
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By Dade Hayes
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AT&T CFO John Stephens Says WarnerMedia Culture Will Be Shielded From “A Finance Bean Counter From A Telephone Company”
John Stephens, Senior EVP and CFO of AT&T, said Tuesday’s legal victory over the U.S. Department of Justice in a 16-month battle will free the combined company to take full advantage of synergies. At the same time, he said the parent company is taking pains to protect WarnerMedia from “a financial bean counter from a…
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By Dade Hayes
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Real ‘Game Of Thrones’ Over; DOJ Ends Quest To Kill AT&T & Time Warner Deal
Maybe it's because Donald Trump likes to use Game of Thrones imagery as props, but the Department of Justice today has conclusively given up on its long running effort to stop AT&T acquiring Time Warner.
"We are grateful that the Court of Appeals considered our objections to the District Court opinion," said DOJ…
- Breaking
- Business
AT&T Prevails Against DOJ In Long-Running Legal Battle Over Time Warner Deal
AT&T has defeated President Donald Trump’s Department of Justice in a long-running legal fight over its acquisition of Time Warner.
A three-judge panel on the U.S. Court of Appeals for the District of Columbia Circuit ruled unanimously that the $81 billion transaction was not harmful to consumers or competitors…
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By Dade Hayes
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Dealmakers Say M&A Pace Should Slow In 2019, But Ripe Media Targets Remain In Play
The frenetic pace of mergers and acquisitions that reshaped Hollywood in 2018 is likely to slow in 2019, after media companies spent this year racing to adapt to a new world order in which technology giants have forged direct relationships with consumers and recommend entertainment experiences that are tailored to an…
AT&T Gains Upper Hand On DOJ In Appeals Court Arguments Of Lawsuit Over Time Warner Deal
A panel of three judges hearing the government’s appeal of its lawsuit aiming to block the AT&T-Time Warner merger peppered a Department of Justice lawyer with critical questions while going notably easier on the attorney for AT&T.
This morning’s nearly two-hour session at the District of Columbia Circuit of the U.S…
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By Dade Hayes
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Will AT&T Get To Keep WarnerMedia? Oral Arguments In Appeals Court Will Help Determine The Answer
More than a year after government regulators sued AT&T to block the Time Warner merger, the media business trial of the century reaches a pivotal moment Thursday in Washington with oral arguments in the government’s appeal.
Golden Globe nomination reactions and the usual end-of-year scramble will be preoccupying the…
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By Dade Hayes
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AT&T Pitches WarnerMedia Strategy To Wall Street Analysts, Detailing Three Tiers Of 2019 Streaming Offering
AT&T delivered its post-merger pitch to a roomful of Wall Street analysts, and shedding new light on its direct-to-consumer OTT service launching in late 2019.
CEO Randall Stephenson opened the two-hour event at Time Warner Center, walking out onto the screening-room stage after a sizzle reel played. The short piece…
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