AT&T agrees in principle to buy Time Warner for $85 billion: sources
Fri, 21 Oct 2016 19:28:39 -0400
By Jessica Toonkel and Greg Roumeliotis NEW YORK (Reuters) - AT&T Inc has reached an agreement in principle to buy Time Warner Inc for about $85 billion, sources said on Friday, paving the way for the biggest deal in the world this year that would give the telecom company control of cable TV channels HBO and CNN, film studio Warner Bros and other coveted media assets. AT&T, which sells wireless phone and broadband services, has already made moves to turn itself into a media powerhouse, buying satellite TV provider DirecTV last year for $48.5 billion. AT&T will pay $110 per Time Warner share, or about $85 billion overall, sources told Reuters.
The Latest: Pence asks supporters to 'pray for our country'
Fri, 21 Oct 2016 19:24:40 -0400
WASHINGTON (AP) — The Latest on the U.S. presidential race (all times EDT):
Daughter of man in The Piano Guys missing in Oregon
Fri, 21 Oct 2016 19:22:31 -0400
PORTLAND, Ore. (AP) — The 21-year-old daughter of one of men in the Utah-based music group The Piano Guys has been reported missing and may have gotten injured or lost on a hike in the Columbia River Gorge in Oregon, authorities say.
Christie aide on trial says she told him of traffic study
Fri, 21 Oct 2016 19:18:51 -0400
NEWARK, N.J. (AP) — Republican Gov. Chris Christie approved of a traffic study on the George Washington Bridge, his former deputy chief of staff testified Friday in her criminal trial, but federal prosecutors say it was actually a cover story for a political payback scheme designed to cause traffic jams.
California politician shows little remorse, gets prison time
Fri, 21 Oct 2016 19:18:19 -0400
LOS ANGELES (AP) — Former state Sen. Ron Calderon was sentenced Friday to 3½ years in federal prison after showing little remorse for a corruption scandal that tarnished his family's Southern California political dynasty.
Wonder Woman named a special UN ambassador, despite protests
Fri, 21 Oct 2016 19:17:38 -0400
UNITED NATIONS (AP) — The United Nations celebrated Wonder Woman's 75th birthday on Friday by naming the comic book character as its new Honorary Ambassador for the Empowerment of Woman and Girls, despite frustration from both inside and outside the world organization that the spot should go to a real — and less sexualized — woman.
Russian indicted on charges he hacked LinkedIn
Fri, 21 Oct 2016 19:06:17 -0400
SAN FRANCISCO (AP) — A Russian man has been charged with hacking and stealing information from computers at LinkedIn and other San Francisco Bay Area companies.
Kershaw stands in the way of Cubs' chance to make history
Fri, 21 Oct 2016 18:54:01 -0400
CHICAGO (AP) — All that's left for the Chicago Cubs to do is make history.
New York state tightens rules on Airbnb
Fri, 21 Oct 2016 18:44:25 -0400
New York state tightened rules Friday on home-sharing services like Airbnb, slapping a steep fine on people who rent their entire, unoccupied apartment for fewer than 30 days. Airbnb immediately fired back, saying it would sue to keep the law from taking effect. State officials "rewarded a special interest -- the price-gouging hotel industry -- and ignored the voices of tens of thousands of New Yorkers," said Josh Meltzer, Airbnb's head of public policy in New York.
AT&T in advanced talks to buy Time Warner: banking source
Fri, 21 Oct 2016 18:42:54 -0400
Telecom giant AT&T is in advanced talks to acquire entertainment group Time Warner to add in-house content to distribution services, a banking source familiar with the negotiations said Friday. A deal possibly worth more than $90 billion could be announced as soon as Monday, the source told AFP, confirming a report in The Wall Street Journal. AT&T is the second-largest US wireless carrier and third-largest cable TV provider in the United States, while Time Warner controls a valuable stable of entertainment content suppliers, including Warner Bros. film and TV studios, the HBO television production group, cable news giant CNN, and the TNT and TBS cable channels.