BREAKING NEWS Vermilion Parish Deputy and Suspect shot in Abbeville Full Story

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
Clear
62° wxIcon
Hi: 62° Lo: 43°
Feels Like: 62°
New Iberia
Clear
63° wxIcon
Hi: 63° Lo: 45°
Feels Like: 63°
Opelousas
Clear
62° wxIcon
Hi: 63° Lo: 38°
Feels Like: 62°
Abbeville
Clear
62° wxIcon
Hi: 64° Lo: 44°
Feels Like: 62°
Jennings
Clear
60° wxIcon
Hi: 61° Lo: 41°
Feels Like: 60°
New Iberia
Clear
63° wxIcon
Hi: 63° Lo: 44°
Feels Like: 63°
Opelousas
Partly Cloudy
62° wxIcon
Hi: 62° Lo: 40°
Feels Like: 62°
Sunshine returns this afternoon

Latest Video

Image

New Iberia Stay-cation, Visit Da Berry Fresh Market

Image

Festival International Announces visual Artists

Image

Hilliard Art Museum's Art Talks

Image

Al Hebert Checks New Iberia's Community Garden

Image

Escape From Poverty Garage Sale

Image

Sunshine Returns This Afternoon

Image

cougars win first round

Image

LOUISIANA PHASE 3 GUIDELINES

Image

FINDING HOPE FUNDRAISER

Image

Tracking cold temps

Community Events