AT&T $150 Billion Debt,Reportedly Looking To Sell CNN For Hating Trump.

AT&T $150 Billion Debt,Reportedly Looking To Sell CNN For Hating Trump.

By Rowlandgate.

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.

Fox Business Network senior correspondent tells ‘Tucker Carlson Tonight’ Jeff Bezos is ‘uninterested in CNN, for now.’

Caleb Parke

“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.

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“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. Odogwublog.com

It has over $150 billion debt, inflated by the Time Warner acquisition. It sold Central European Media last year

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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.

Sources close to the tech entrepreneur have denied reports he had his sights on the news station amid ‘rampant’ Wall Street chatter. 

A Fox Business report on Tuesday claimed Bezos had been the subject of ‘pretty hot and heavy’ speculation among investment sources who claimed he was looking to buy CNN should AT&T decide to sell the news organization.

AT&T is reportedly looking to shed some of its debt after acquiring Time Warner in 2018. 

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CNN did not respond to requests for comment when contacted by DailyMail.com. 

However, a source close to Bezos denied reports that the mogul was interested in purchasing the network. 

Another source close to Bezos later poured scorn on the notion of any acquisition of CNN saying there was no imminent deal despite speculation. They told Fox: ‘There has been zero talk on this.

What are your thoughts?

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