Business Funding News: Will AT&T buy Time Warner and create new media giant? + MORE 10/23/2016

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U.S. President Barack Obama, who says he will miss having his own plane “a lot,” outlines steps his administration is taking to spur competition in the airline industry and to protect consumers. Rough Cut (no reporter narration).

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AT&T buys Time Warner for $85 billion

– http://www.cnn.com/

The deal will be subject to review by government regulators that could take more than a year. AT&T and Time Warner have agreed to a mega $85 billion deal in the latest big-business bid to influence the future of media. Time Warner is the parent company of CNN, TNT, HBO, the Warner Bros. studio, and a number of other TV channels and websites.

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Goldman Sachs CEO tells Fareed that “in general, [financial] regulation is good” but that “more isn’t necessarily better.” Watch more on CNN’s GPS with Fareed Zakaria, Sunday at 10a/1pET.

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At a rally in Pennsylvania, Donald Trump said if elected his administration would not approve AT&T buying Time Warner “because it’s too much concentration of power in the hands of too few.”

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Lloyd Blankfein defends against criticism that the bank outsmarted the financial system: “We were not in speculation mode; we were in risk management mode.” Watch more on CNN’s GPS with Fareed Zakaria, Sunday at 10a/1pET.

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The boards of AT&T and Time Warner are meeting on Saturday afternoon to vote on an $80 billion deal that would bring the two companies together, according to sources familiar with the matter. CNNs Brian Stelter explains.

Continue Reading On http://www.cnn.com/ »