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What the title actually means is "DOJ demands Turner Broadcasting to be sold as a condition..." Includes all of these companies: http://www.turner.com/location
by creaghpatr 9y ago
What the title actually means is "DOJ demands Turner Broadcasting to be sold as a condition..."
Includes all of these companies: http://www.turner.com/locations http://www.turner.com/locations
- makomk 9y agoAh, but if CNBC put that as the headline they couldn't spin it as part of an evil Trump anti-CNN conspiracy...
- deleted 9y ago[deleted]
- excalibur 9y agoThis isn't the only article reporting it this way. CNN may be an important part of Turner's portfolio, but it's hardly the only thing in there. The degree of sensationalism in this reporting (amongst other things) only helps to validate the "fake news" moniker that Trump applies so liberally.
- jdavis703 9y agoThe other option is for them to sell off Direct TV and retain Turner Broadcasting... Seems like some good ol' monopoly busting/prevention is finally coming out of the DoJ.
- tssva 9y agoDirecTV and Turner Broadcasting don't compete with each other. Making them sell one or the other makes no sense from a monopoly busting/prevention standpoint. If it was a choice between two content creation groups it would make sense. AT&T has already invested heavily in integrating the DirecTV, DirecTV Now and U-verse TV services. AT&T has made clear that these services are key strategic assets going forward. The DoJ knows this, so it is reasonable to conclude that their goal is to force the sale of Turner Broadcasting. The question becomes why would they want to force this sale. Given Trump's statements it is more than reasonable to conclude that it is to change the ownership of CNN.
- oddevan 9y agoNo, DirecTV and Turner don't compete with each other. BUT Turner owns some of the most sought-after cable networks. It's not just CNN; we're talking TNT, TBS, and Cartoon Network/Adult Swim as well. Without these networks, it's very hard to put together a compelling cable bundle (as YouTube is no doubt finding out now). I don't know what the DOJ is actually playing at, but I suspect it's to prevent a combined AT&T from locking Turner networks to DirecTV (either by fiat or by prohibitively expensive contracts).