(Newsmax) AT&T officials are reportedly looking at selling off some of Time Warner’s key assets once they acquire the company — including CNN and celebrity news website TMZ, Deadline Hollywood reports.The officials believe the Justice Department will soon clear the way for AT&T’s $85 billion acquisition of the company, according to the website. They expect the deal to be finalized by the end of the year.
If the company goes ahead with divesting itself of CNN, it would open the door for CBS to take over the news network, the website noted. CBS CEO Leslie Moonves has long been interested in the news network.
Read the full story here: Report: CNN Could Soon Be Up for Sale – Newsmax