Paramount may sell Turner networks for $8 billion

Paramount could sell CNN, TBS and TNT for eight billion dollars as it works to clear legal opposition to its Warner acquisition.

“Paramount could sell CNN, TBS and TNT for eight billion dollars as it works to clear legal opposition to its Warner acquisition. The reported disposal would answer demands for substantial changes around a takeover valued at one hundred ten billion dollars. California's attorney general remains among the opponents, even after the transaction secured approval across many international jurisdictions. Selling major cable brands could reshape Paramount's portfolio while revealing the price of overcoming domestic resistance to media consolidation.”