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Time Warner to evaluate Hudson Yards plans due to AT&T merger

Time Warner Inc said the case to consolidate its New York facilities into the flagship building under construction at the Hudson Yards project remains strong, but in light of its planned merger with AT&T Inc it will assess its options. "We're continuing with our plans to move," Time Warner said on Saturday in a list of questions and answers to employees. AT&T Chief Executive Randall Stephenson said on a conference call on Monday he expects the $85 billion acquisition of Time Warner, announced on Saturday, to close by the end of 2017.
Time Warner, AT&T shares fall amid concerns over deal clearance

Chairman and CEO of AT&T Randall Stephenson speaks at the "What's Next?" conference in ChicagOTime Warner shares were trading some 20 percent below the implied value of AT&T's $107.50 per share cash and stock offer, indicating investor doubts that the companies would be able to complete the transaction. The deal, announced on Saturday, would give AT&T control of cable TV channels HBO and CNN, film studio Warner Bros and other coveted assets and reshape the media landscape. Dallas-based AT&T said on Saturday it would need approval of the U.S. Justice Department and the companies were determining which Time Warner U.S. Federal Communications Commission licenses, if any, would need to transfer to AT&T. Any such transfers would require FCC approval.

Time Warner CEO Bewkes could get $32 million from AT&T merger

(Reuters) - Time Warner Inc Chief Executive Jeff Bewkes could walk away with a $32 million payout if the media company completes its $85 billion merger with AT&T Inc .
How AT&T might skirt an FCC review of Time Warner deal

AT&T Inc may not have to seek approval from the U.S. Federal Communications Commission for the biggest acquisition announced this year by selling the one television station that Time Warner Inc owns: WPCH-TV in Atlanta. The FCC has broad leeway to block a merger that it deems not to be in the "public interest," while the U.S. Justice Department mainly examines a deal to see whether it breaks antitrust rules by reducing competition. If Time Warner divests its only FCC-regulated broadcast station, that could eliminate a primary reason for the U.S. telecoms regulator to review the takeover, a government official with knowledge of the matter told Reuters.
Jets' Geno Smith has torn ACL in knee, seeking 2nd opinion

New York Jets quarterback Geno Smith (7) is sacked by Baltimore Ravens linebacker Matt Judon (91) during the second quarter of an NFL football game, Sunday, Oct. 23, 2016, in East Rutherford, N.J. (AP Photo/Bill Kostroun)NEW YORK (AP) — New York Jets quarterback Geno Smith has a torn anterior cruciate ligament in his right knee and is seeking a second opinion on the injury that would end his season — and likely his time with the team that drafted him.

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