EQRoy / ShutterstockThe stock photo above shows the CNN logo at the CNN Center, the world headquarters of the CNN news network located in downtown Atlanta. (EQRoy / Shutterstock)
AT&T is reportedly considering selling CNN to help pay off its $150 billion debt.
“The balance sheet over there is a real problem … CNN does not have Donald Trump to kick around anymore. Their ratings will take a hit. They are owned by a company that is financially unstable, $150 billion in debt AT&T has. They need to cut costs, there’s an activist investor out there,” Fox Business senior correspondent Charlie Gasparino reported last week.
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Gasaprino also reported Monday that AT&T is currently at odds with investors, and are pressuring them to cut costs.
SCOOP: @ATT investors saying current management team of John Stankey/Randall Stephenson not moving fast enough to cut