AT&T Chief to Meet With President-Elect Trump Regarding Time Warner Deal
January 12 2017 - 10:54AM
Dow Jones News
By Thomas Gryta
Randall Stephenson, the chairman and chief executive of AT&T
Inc., entered Trump Tower in New York on Thursday morning to meet
with a president-elect who has expressed concerns about the
company's proposed purchase of Time Warner Inc.
President-elect Donald Trump vowed before his election to block
the $85 billion merger, which would combine the country's biggest
pay-TV provider with one of the biggest media companies.
At a campaign rally in October, Mr. Trump said the deal would
concentrate too much power in the hands of too few. He hasn't
spoken publicly on the matter since winning the election.
Mr. Stephenson and Robert Quinn, the company's top executive in
Washington, didn't speak with reporters on their way into the
building.
In recent testimony before Congress, Mr. Stephenson defended the
transaction as increasing competition but said he hadn't yet
discussed the deal with Mr. Trump.
Write to Thomas Gryta at thomas.gryta@wsj.com
(END) Dow Jones Newswires
January 12, 2017 10:39 ET (15:39 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.
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