AT&T is reportedly looking to unload left-wing news outlet, CNN, to help pare down its massive debt, Fox Business Network senior correspondent Charlie Gasparino claimed, noting that the cable news company may have hit its peak “hating” President Donald Trump.
“This rumor is real,” Gasparino, who has been with FOX Business Network for over a decade said on Friday.
“AT&T is a screwed up company and … CNN, like a lot of media companies, may have hit its peak, hating Trump,” he told “Tucker Carlson Tonight”.
CNN is owned by Turner Broadcasting System, a division of AT&T’s WarnerMedia.
Gasparino noted that AT&T is “financially unstable” with US$150 billion in debt.
“CNN does not have Donald Trump to kick around anymore and their ratings will take a hit,” he added, based on projections made by major news outlets that Democratic challenger Joe Biden won the presidential race.
The FOX Business Network senior correspondent went on to say that he doesn’t hate CNN — while standing by his claim that AT&T is looking to sell CNN.
“I’m not a CNN hater. They have a lot of good journalists there,” Gasparino said. “[But] they need to cut costs. There’s an active investor out there.”
Rumors that AT&T is looking to sell CNN started making rounds in 2019 amid reports of the telecom giant’s record-high debt.
In June this year, WarnerMedia announced it plans to sell the CNN Center in downtown Atlanta. It said then that the move is part of efforts to “consolidate” WarnerMedia Atlanta operations in its recently renovated and redesigned Techwood campus, also in Atlanta.
The name of Jeff Bezos, Amazon CEO and owner of The Washington Post was being floated as a potential investor — although FOX Business also reported that his camp said in October “there has been zero talk on this.”
Best buyers of CNN ??
CBS News (ViacomCBS)
NBC News (Comcast)
Washington Post (@JeffBezos)
who else? https://t.co/EZzgxeK42v
— Rich Greenfield, LightShed (@RichLightShed) October 24, 2020
President Donald Trump has called out CNN several times in the past — being one of his staunch critics and went as far as labelling the network as “fake news.”
Last year, President Trump suggested that the public boycott its parent company, AT&T as he piled on his concerns about CNN.
Just arrived in the United Kingdom. The only problem is that @CNN is the primary source of news available from the U.S. After watching it for a short while, I turned it off. All negative & so much Fake News, very bad for U.S. Big ratings drop. Why doesn’t owner @ATT do something?
— Donald J. Trump (@realDonaldTrump) June 3, 2019
“Just arrived in the United Kingdom. The only problem is that @CNN is the primary source of news available from the U.S. After watching it for a short while, I turned it off. All negative & so much Fake News, very bad for U.S. Big ratings drop. Why doesn’t the owner @ATT do something?” the President tweeted in June 2019.
He then suggested that Americans stop “using or subscribing” to AT&T so it will be forced to enforce “big changes” at CNN.
Meanwhile, also this year, reports said AT&T planned to sell US$10 billion in assets partly to cushion the impact of the coronavirus pandemic.
The post AT&T Reportedly Selling CNN After Expecting To Take A “Hit” If Trump Leaves Office appeared first on The Scoop.
Source: The Scoop