![AT&T Buying HBO & CNN Owner Time Warner For $85.4 Billion](http://townsquare.media/site/36/files/2016/10/ATT-Storefront-KENA-BETANCUR-AFP-Getty-Images-e1477266508729.jpg?w=300&h=200&zc=1&s=0&a=t&q=89&w=980&q=75)
AT&T Buying HBO & CNN Owner Time Warner For $85.4 Billion
NEW YORK (AP) — AT&T is buying Time Warner, owner of the Warner Bros. movie studio as well as HBO and CNN, for $85.4 billion in a deal that could shake up the media landscape.
The merger combines a telecom giant that owns a leading cellphone business, DirecTV and internet service with the company behind some of the world's most popular entertainment.
It's the latest big media acquisition by a major cable or phone company — deals like Comcast's 2011 purchase of NBC Universal, all aimed at shoring up businesses upended by the internet.
The deal would make Time Warner the target of the two largest media-company acquisitions on record, according to Dealogic. The highest was AOL's disastrous $94 billion acquisition of Time Warner at the end of the dot-com boom.
Regulators would have to sign off on the acquisition, no certain thing. The prospect of another media giant on the horizon has already drawn fire on the campaign trail. Speaking in Gettysburg, Pennsylvania, GOP presidential nominee Donald Trump vowed to kill it if elected because it concentrates too much "power in the hands of too few."
Copyright 2016 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
More From News Talk 96.5 KPEL
![4 South Louisiana Musicians Shine on “Road House” Remake Soundtrack](http://townsquare.media/site/36/files/2024/03/attachment-Untitled-design-10.jpg?w=980&q=75)
![REPORT: Cancer-Causing Chemicals Can Form in These Acne Products Sold in Louisiana, Texas](http://townsquare.media/site/36/files/2024/03/attachment-Vailsafe-Acne-Creams.jpg?w=980&q=75)
![Major Cellular Outages from AT&T and Other Providers in Louisiana and Beyond](http://townsquare.media/site/36/files/2024/02/attachment-istrfry-marcus-pjW5WezrdJk-unsplash.jpg?w=980&q=75)
![Walgreens Closing 150 Stores in 2024 – Is Louisiana on the List?](http://townsquare.media/site/29/files/2020/12/GettyImages-1213300619.jpg?w=980&q=75)
![Are 3D Printed Steaks Coming to Louisiana Grocery Stores and Restaurants?](http://townsquare.media/site/36/files/2023/04/attachment-3D-Printed-Steak-CNN-Steakholder-Foods.jpg?w=980&q=75)
![Louisiana Cajun and Country Legend Jo-El Sonnier Passes Away After Show in Texas](http://townsquare.media/site/36/files/2024/01/attachment-angelo-brewing-3.jpg?w=980&q=75)
![Kevin Conroy, Iconic Voice of Batman, Passes Away at 66](http://townsquare.media/site/36/files/2022/11/attachment-Batman-The-Animated-Series-Kevin-Conroy.jpg?w=980&q=75)
![Former President Donald Trump Sues CNN Network, Seeks $475 Million in Damages](http://townsquare.media/site/757/files/2021/01/GettyImages-599724318.jpg?w=980&q=75)
![12 Binge-Worthy True Crime Documentaries to Watch During Spooky Season](http://townsquare.media/site/33/files/2022/04/attachment-GettyImages-5776112661.jpg?w=980&q=75)