WifiScreen FREE Windows Application to allow using iPad/Tablet as the second monitor.
CNBC / Biz - Money

Cramer: AT&T is 'a pitiful, helpless giant' without the Time Warner deal

Cramer also says the Justice Department "thesis" about the AT&T-Time Warner deal is flawed.
ADS

    AT&T's Time Warner bid hits snag    11:27 AM ET Thu, 9 Nov 2017 | 02:11

    AT&T would likely be "a pitiful, helpless giant" without its $85 billion merger with Time Warner, CNBC's Jim Cramer said Thursday.

    Cramer spoke a day after the Justice Department demanded that AT&T sell Turner Broadcasting, which includes CNN, or sell DirecTV, as a condition for approval of the deal.

    Cramer said the Justice Department "thesis" about the deal is flawed.

    "This has got to be one of the more arbitrary and capricious potential prosecutions I've seen," Cramer said.

    "I think the Justice Department is trying to create some sort of thesis that this is some sort of colossus," Cramer said on "Squawk on the Street." "Give me a break."

    Some commentators questioned whether the Justice Department's demand was political because President Donald Trump has frequently criticized CNN for its coverage.

    AT&T chairman and CEO Randall Stephenson said in a statement he has never offered to sell CNN and does not have any intention of doing so.

    Cramer was also perplexed why the Justice Department would want AT&T to sell DirecTV: "I mean where is the antitrust there?"

    "One guy has NFL and the other is the beginning part of March Madness. I mean I don't get that," the host of CNBC's "Mad Money" said.

    Morning Squawk:CNBC's before the bell news roundup

    Sign up to get Morning Squawk each weekday

    Job Industry Advertising/Marketing Automotive Communications/PR Construction/Manufacturing Education Finance/Banking/Insurance Legal Media/Entertainment Medical/Health Care Mining/Oil/Gas/Utilities Gov't/Non-Profit Real Estate Retail Technology/IT Transportation/Shipping Travel/Hospitality Other

    Get this delivered to your inbox, and more info about about our products and service. Privacy Policy.

    Submit

    Please enter a valid email address

    Original Source

    ADS

    LATER