AT&T Time Warner

AT&T chmn/CEO Randall Stephenson said his company’s $85bln takeover of Time Warner is a vertical merger and that as more information on the deal emerges, opposition would go away. Speaking during an interview on CNBC, Stephenson dismissed speculation that AT&T might have to spin off CNN in order to get the transaction approved. “I don’t know why we’d even talk about that… It doesn’t seem relevant to approving a deal like this. What would be the competitive issue that you’re remedying with spinning off CNN? There are not competitive issues with owning CNN,” the exec said.

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Life Independent: Reelz Among Indy Nets Navigating Upfronts

Economic uncertainty is plaguing all corners of the market, and with this year’s upfronts well underway, the ambiguous outlook into the future makes it that much harder for folks to transact.

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