Fox Seen Selling CNN Rather Than Spinning Off Despite Tax Bill - Presented by: The Aol. On Network

If Twenty-First Century Fox succeeds in buying Time Warner Inc, it's likely to sell CNN and pay billions of dollars in taxes rather than go through the headaches of spinning the cable news channel off to shareholders of the merged company. According to people familiar with the matter, Fox plans to get rid of CNN because it already operates its own namesake news network and would likely face opposition from regulators even if it wanted to keep it.



Related Videos

Most Popular Videos

Latest Videos


Most Active by Volume

Company Last Sale Change Net / %
RAD $ 5.54 1.10 ▼ 16.57%
BAC $ 17.05 0.28 ▲ 1.67%
YHOO $ 41.7849 0.81 ▼ 1.89%
AAPL $ 102.0647 0.48 ▲ 0.48%
VVUS $ 4.489 0.61 ▲ 15.70%
GE $ 26.2701 0.22 ▲ 0.84%
FOMX $ 7 unch
PIR $ 12.895 2.65 ▼ 17.02%

As of 9/18/2014, 11:45 AM
More Most Active