AT&T set to announce $85 billion Time Warner purchase
By Greg Roumeliotis and Jessica Toonkel NEW YORK (Reuters) - AT&T Inc is set to announce as early as Saturday an $85 billion deal to buy Time Warner Inc , sources familiar with the matter said, giving the telecom company control of cable TV channels HBO and CNN, film studio Warner Bros and other coveted media assets. Telecommunications companies have been looking for quality content to stream over their high-speed networks, hoping to attract a growing group of viewers who want to ditch traditional pay-TV packages in favor of streamlined offerings or watching online. AT&T will pay $110 per Time Warner share, half in cash and half in stock, worth about $85 billion overall, sources told Reuters.
Somali pirates free 26 hostages held for nearly five years
Somali pirates have freed 26 Asian hostages held for nearly five years after the hijacking of their fishing vessel, the last commercial ship seized at the height of the country's piracy scourge, negotiators said Saturday. The crew of the Naham 3, the second longest held hostage by Somali pirates, were taken captive when their Omani-flagged vessel was hijacked in March 2012 south of the Seychelles. "We are very pleased to announce the release of the Naham 3 crew early this morning," said John Steed, the Coordinator of the Hostage Support Partners (HSP) who helped negotiate their release.
Kremlin: demands for Assad's departure "thoughtless"
MOSCOW (AP) ? The entire territory of Syria must be "liberated," Russian President Vladimir Putin's spokesman said in remarks televised Saturday, dismissing demands for Syrian President Bashar Assad's departure as "thoughtless."
Comic's comic Kevin Meaney has died at age 60FORESTBURGH, New York (AP) ? Comic Kevin Meaney, who worked the standup circuit, was a late-night TV staple and starred in the short-lived 1990s series "Uncle Buck," has died. He was 60.
Turkey prepared to 'take measures' in Iraq, PM Yildirim saysTurkey is prepared to "take measures" in Iraq because it is not satisfied by promises from Washington and Baghdad that Kurdish militants and Shi'ite militias will not take part in current fighting, Prime Minister Binali Yildirim said on Saturday. Yildirim, speaking to a group of reporters, also said Turkey could not remain idle over the situation in Iraq, given its 350-km (220-mile) border with the country. "Turkey can never remain idle against massacres, potential refugee waves and clashes along its border, and it will take action if necessary," he said, in comments broadcast live on television.
AT&T is reportedly in talks to buy Time Warner for $80B
Grab some popcorn ? AT&T wants to take you to the movies. At least that's the word on Wall Street after several reports citing unnamed sources said the giant phone company is in advanced talks to buy Time ...
AP Interview: Kaine already reaching out to GOP
Clement carries No. 10 Wisconsin to 17-9 win over Iowa
British anti-terrorist police find second 'suspicious item' after London arrestCounter-terrorism police investigating the discovery of a "suspicious item" on a London train this week said they found another such device on Saturday when they searched a house in Devon, western England. The house and neighbouring properties were evacuated and a 200-metre cordon thrown around the area while specialist officers investigated. On Thursday morning, the first device was found on a train at North Greenwich station, near the Canary Wharf financial district and close to the O2 music venue.
Trump vows to weaken U.S. media 'power structure' if elected
By Emily Stephenson GETTSYBURG, Pa. (Reuters) - U.S. Republican presidential candidate Donald Trump promised on Saturday to foil a proposed deal for AT&T to buy Time Warner if he wins the Nov. 8 election, arguing it was an example of a "power structure" rigged against both him and voters. Trump, whose candidacy has caused ruptures in his party, listed his policy plans for the first 100 days of his presidency in a campaign speech in Gettysburg, Pennsylvania, near the site of a Civil War battlefield and a celebrated address by President Abraham Lincoln.