AT&T chief executive officer Randall Stephenson said on Thursday that his company is under no pressure from the US Department of Justice to divest Turner Broadcasting, the group of channels that includes CNN.
He made the comments at the New York Times’ DealBook Conference in New York City. They came a day after reports circulated that the DOJ had demanded that AT&T and Time Warner sell either Turner or DirecTV in order to get their $US84.5 billion merger approved.
“I have never been told that the price of getting the deal done was selling CNN, period,” Stephenson said at the conference. “And likewise I have never offered to sell CNN,” he said. “There is absolutely no intention that we would ever sell CNN.”
This story is developing. Check back for more updates.
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