AT&T Reportedly Looking to Sell CNN, Jeff Bezos Potential Sutior

Matt Kieffer / CC BY-SA 2.0

AT&T is reportedly looking at selling CNN to pay its massive debt, but the cable news company may have hit its peak "hating Trump," Fox Business Network senior correspondent Charlie Gasparino argued Friday.

Posted: Nov 14, 2020 1:21 PM

Fox News - AT&T is reportedly looking at selling CNN to pay its massive debt, but the cable news company may have hit its peak "hating Trump," Fox Business Network senior correspondent Charlie Gasparino argued Friday.

"CNN does not have Donald Trump to kick around anymore and their ratings will take a hit," he told "Tucker Carlson Tonight," given the current projected presidential election results.

He reports that AT&T is "financially unstable" with $150 billion in debt.

"They need to cut costs. There's an active investor out there," Gasparino said.

Despite the low odds of any deal in the immediate future, a sale of CNN to billionaire Jeff Bezos would make sense from both sides, media investment bankers tell FOX Business.

"I'm not a CNN hater. They have a lot of good journalists there," Gasparino said.

"This rumor is real," he said. "AT&T is a screwed up company and ... CNN like a lot of media companies, it may have hit its peak, hating Trump."

Lafayette
Overcast
61° wxIcon
Hi: 77° Lo: 68°
Feels Like: 61°
New Iberia
Broken Clouds
62° wxIcon
Hi: 79° Lo: 69°
Feels Like: 62°
Ville Platte
Broken Clouds
57° wxIcon
Hi: 77° Lo: 65°
Feels Like: 57°
Abbeville
Broken Clouds
62° wxIcon
Hi: 76° Lo: 67°
Feels Like: 62°
Crowley
Clear
63° wxIcon
Hi: 75° Lo: 67°
Feels Like: 63°
Saint Martinville
Broken Clouds
62° wxIcon
Hi: 79° Lo: 69°
Feels Like: 62°
Opelousas
Broken Clouds
57° wxIcon
Hi: 77° Lo: 66°
Feels Like: 57°
Rain chances stick around through the weekend

Latest Video

Image

Rain Chances on the Rise

Image

Cajuns Prepare for ULM

Image

Tracking a stormy holiday weekend

Image

Waitr and Local Restaurants Launch Holiday Food Drive in Lafayette

Image

Al Berard Memorial Fund Kicks Off Annual Fundraising Campaign

Image

Spaynation: Cute Kitten Up for Adoption

Image

What to Expect for Thanksgiving Traffic

Image

Cool Today, Warmer Week Ahead

Image

Protest for Quawan Charles

Image

Weather 11-22-2020

Community Events