Apple considered buying CNN parent company
According to a report out in the Financial Times, Apple considered buying CNN’s parent company, Time Warner.
The report quotes three people briefed on the matter, who report the proposal was made last year at a meeting between Eddy Cue, who leads Apple’s iTunes, iCloud and Music divisions, and Olaf Olafsson, Time Warner’s head of corporate strategy. The meeting was arranged to discuss possible tie ups between the companies including the inclusion of Time Warner’s cable channels on future video streaming services from Apple.
The talks of a buyout never went beyond that stage however, and the sources said Apple CEO Tim Cook and his counterpart at Time Warner, Jeff Bewkes were never involved, notes the International Business Times.
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