DOJ Demands CNN or DirecTV Be Sold as Condition for AT&T-Time Warner Deal Approval - NBC10 Boston
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DOJ Demands CNN or DirecTV Be Sold as Condition for AT&T-Time Warner Deal Approval

AT&T's chief financial officer John Stephens said the timing of the deal was "now uncertain"

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    CNN World Headquarters.

    The Justice Department is demanding that either CNN or DirecTV be sold as condition for approval of the $85 billion AT&T-Time Warner deal.

    CNBC confirmed that the Justice Department has asked AT&T to sell Turner Broadcasting, which includes CNN, or sell DirecTV for merger approval.

    Time Warner shares were down 6 percent after the reports. AT&T's stock was up 1 percent.