For Time Warner's CNN news network , AT&T plans to stick with business as usual.
The telecom giant announced Saturday it will acquire Time Warner for $85.4 billion in a half-stock, half-cash deal that values its shares at $107.50. Time Warner owns HBO, TBS, DC Comics, CNN and many other entertainment and news properties.
"CNN will remain completely independent from an editorial perspective," AT&T CEO Randall Stephenson said Sunday in a brief statement. "Our intent is to operate Time Warner as it operates today, with autonomy in its divisions, including the world-class creative talent and journalists that make Time Warner a leader in entertainment and news."