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Monday, November 13, 2017

Trump: U-S Needs ‘Many News Outlets’

President Trump on Saturday said that the U.S. needs as “many news outlets as you can” get in the face of the rumored sale of news network CNN.

"I do feel you should have as many news outlets as you can — especially since so many are fake,” he told reporters on Air Force One.

He was responding to tense negotiations over AT&T’s proposed merger with Time Warner.

According to The Hill, reports conflicted this week about whether AT&T and Time Warner are being asked to sell CNN as part of the merger, in order to avoid monopoly regulations. CNN is part of Turner Broadcasting, which is owned by Time Warner.

Department of Justice (DOJ) and AT&T sources said the DOJ was mandating the sale, but the Justice Department denied it. AT&T was also rumored to have offered to part with CNN in order to secure the merger, but the company’s CEO said publicly that selling CNN is off the table.

The corporate negotiations are political in part because Trump frequently calls out CNN as “fake news.” Some critics alleged Trump could be seeking to retaliate against the network by interfering in a Justice Department decision regarding the $85 billion merger.

The head of the DOJ’s antitrust division denied that the White House is involved in the transaction.

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