Andrew Ross Sorkin
Apparently, the Justice Department has called on AT&T and Time Warner to sell Turner Broadcasting, the group of cable channels that includes CNN, as a potential requirement for approving the companies’ pending $85.4 billion deal. The other pos
The Meredith Corporation — the owner of Family Circle, Better Homes and Gardens and AllRecipes — agreed to purchase Time Inc.
Time is said to be in talks to sell itself to the Meredith, in a deal backed by Charles G. and David H.
Former Microsoft chief executive Steven Ballmer sought to “figure out what the government really does with the money.
“Let’s be honest, prices aren’t going to go down because of this,” said Rich Greenfield, a media analyst at BTIG Research. “I don’t think vertical integration lends itself to consumer benefits.”