Even though AT&T has repeatedly said there is no intention of spinning off CNN, Fox Business reporter Charlie Gasparino believes that the AT&T Time Warner deal will go through, with a possible caveat of spinning off CNN.
“You may see, as bankers are saying, the potential spinoff of CNN to make this deal go by,” Gasparino said, according to The Street (via J$). “There is a lot of talk about that, and there will be buyers.”
AT&T CEO Randall Stephenson previously told CNBC that spinning off CNN made no sense, adding that “there are not competitive issues with owning CNN.”
Gasparino noted CBS may be a potential buyer of CNN.