The DOJ may be pushing AT&T to sell off CNN

Alicia Cross
November 9, 2017

A Time Warner representative did not immediately respond to questions.

The deal dates back to October 2016, when both companies appeared confident that regulators would let the sale of Time Warner's assets go through without objection under a then-likely first term Hillary Clinton administration. The firm had revenue of $7.60 billion for the quarter, compared to the consensus estimate of $7.40 billion. The business's quarterly revenue was up 6.0% compared to the same quarter past year.

White House advisers have discussed a potential point of leverage over their adversary, a senior administration official said: a pending merger between CNN's parent company, Time Warner, and AT&T. WARNING: This piece of content was reported by StockNewsTimes and is owned by of StockNewsTimes. If you are viewing this piece of content on another domain, it was illegally copied and reposted in violation of USA & global trademark & copyright law.

Time Warner is turning still lower on the day, -5.2%. Moffett Nathanson downgraded the shares of TWX in report on Wednesday, February 1 to "Neutral" rating.

'Scene of carnage': vehicle ploughs into classroom
The tragedy occurred at the Banksia Road Public School when the auto collided with a wooden classroom building. It is understood that at least three other children sustained minor injuries, such as broken bones and cuts.

Runoff Election on Hold: Court Rules in Favor of Liberty Party
Weah, a former soccer star, is leading the presidential race with 38.4 percent of the vote to Boakai's 28.8 percent. However, observers from the Carter centre and the E.U say they saw no major problems with the first-round vote.

Mourinho not concerned by eight-point gap to Manchester City
Earlier in the week, Chelsea had suffered a 0-3 defeat to Serie A side, Roma , in a Champions League Group stage match. But while Lukaku has now gone a seventh game in all competitions without scoring, Morata's goal starvation is over.

ILLEGAL ACTIVITY NOTICE: "Time Warner Inc". BidaskClub lowered Time Warner from a "strong-buy" rating to a "buy" rating in a research report on Thursday, July 13th. Royal Bank Of Canada reported 0.07% in Time Warner Inc (NYSE:TWX). Stifel Nicolaus maintained the shares of APA in report on Monday, May 29 with "Hold" rating. Next Fincl Grp has invested 0% in Time Warner Inc (NYSE:TWX). 0 analysts gave its stock an Outperform rating. The company has an average rating of Hold and an average price target of $104.74.

If approved, the deal would merge AT&T's wireless and broadband business with media assets like Warner Bros., HBO, and Turner's cable networks. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.48 and a quick ratio of 1.26. The stock increased 1.25% or $1.17 during the last trading session, reaching $94.46. It is positive, as 41 investors sold TWX shares while 376 reduced holdings. Legal & General Group Plc grew its holdings in shares of Time Warner by 2.6% during the 2nd quarter. Segantii Capital Management Ltd purchased a new position in Time Warner in the 2nd quarter worth approximately $33,886,000. The consumer group opposes the deal and media consolidation in general. Time Warner Inc now has $73.55 billion valuation.

More notable recent Apache Corporation (NYSE:APA) news were published by: Seekingalpha.com which released: "Apache Corp.: Better Than It Sounds" on October 17, 2017, also Seekingalpha.com with their article: "Apache Corporation's (APA) CEO John Christmann on Q3 2017 Results - Earnings ..." published on November 03, 2017, Fool.com published: "What to Expect When Apache Corporation Reports Q3 Earnings" on October 31, 2017. Stockholders of record on Tuesday, October 10th were issued a dividend of $0.4025 per share. This represents a $1.61 annualized dividend and a dividend yield of 1.70%. Time Warner's payout ratio is now 30.73%. More interesting news about Time Warner Inc (NYSE:TWX) were released by: Businesswire.com and their article: "Time Warner Inc".

Other reports by Free-Prsite

Discuss This Article

FOLLOW OUR NEWSPAPER