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AT&T CEO Randall Stephenson (left) and Time Warner CEO Jeff Bewkes are sworn in Wednesday before testifying at a Senate committee hearing on the proposed merger of their companies. Evan Vucci/AP hide caption

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Evan Vucci/AP

Donald Trump enters the debate hall during the Republican presidential debate co-sponsored by CNN in Coral Gables, Fla., in March. CNN is expected to see $100 million in extra revenues this year, thanks largely to its coverage of Trump. Alan Diaz/AP hide caption

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Alan Diaz/AP

AT&T Deal For Time Warner Casts Renewed Attention On CNN

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AT&T wants to buy Time Warner for $85.4 billion, highlighting that the two giants don't compete. But the scope of the deal is already drawing criticism from lawmakers and presidential candidates. Michael Nagle/Bloomberg/Getty Images hide caption

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Michael Nagle/Bloomberg/Getty Images

Time Warner is heading for another merger — this time with AT&T, in a deal that was announced Saturday. Here, the company's headquarters at New York City's Columbus Circle. Andrew Burton/Getty Images hide caption

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Andrew Burton/Getty Images

A man using a mobile phone walks past an AT&T store, in June. The New York Times and ProPublica report that the telecom giant helped the NSA spy for decades. Mark Lennihan/AP hide caption

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Mark Lennihan/AP

Randall Stephenson, chairman and CEO of AT&T, introduces President Obama before the latter's remarks Dec. 3 at the quarterly meeting of the Business Roundtable, a group Stephenson chairs. Stephenson has said that increasing regulation of the broadband industry — as proposed by the president — would have a substantial chilling effect on its investment in infrastructure. Pool/Getty Images hide caption

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Pool/Getty Images

Would FCC Plan Harm Telecom Investment? Even Industry Opinion Is Mixed

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"I was scratching my head," one analyst says of news that AT&T will acquire satellite TV company DirecTV for $48.5 billion in cash and stock, or $95 per share. Analysts are mixed in their reactions to the deal. Seth Perlman, Reed Saxon/AP hide caption

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Seth Perlman, Reed Saxon/AP

AT&T, DirecTV And Finding A Prom Date: Reactions To Merger

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The seal of the CIA at the agency's headquarters in Virginia. Greg E. Mathieson Sr. /MAI/Landov hide caption

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Greg E. Mathieson Sr. /MAI/Landov