Department of Justice

DOJ Demands CNN or DirecTV Be Sold as Condition for AT&T-Time Warner Deal Approval

AT&T's chief financial officer John Stephens said the timing of the deal was "now uncertain"

The Justice Department is demanding that either CNN or DirecTV be sold as condition for approval of the $85 billion AT&T-Time Warner deal.

CNBC confirmed that the Justice Department has asked AT&T to sell Turner Broadcasting, which includes CNN, or sell DirecTV for merger approval.

Time Warner shares were down 6 percent after the reports. AT&T's stock was up 1 percent.

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