AT&T's truce with Elliott Management — avoiding a protracted fight with one of the world's most successful activist shareholders — sent the company's stock to a 52-week high on Monday.
The new head of Time Warner, John Stankey, said Friday that he recognizes CNN has a "special social responsibility" to democracy, and he will lead the company accordingly.
After weeks of testimony from economists, survey experts and rival executives who oppose the merger, the defense on Thursday called its final witness in the trial that will determine the fate of AT&T's proposed acquisition of Time Warner: AT&T chief executive Randall Stephenson.