×
Pro Analysis

Breakingviews: Time Warner’s sale to AT&T obscures future hurdles

Jeffrey Bewkes, chairman and chief executive officer of Time Warner
Chris Kleponis | Bloomberg | Getty Images
Jeffrey Bewkes, chairman and chief executive officer of Time Warner

Time Warner unsurprisingly aced its quarterly results as it prepares for the $85 billion sale of the media group to AT&T. Still small signs serve as a warning for the telephone company jamming this ill-advised deal down its shareholders' throats. Chief among these is the long-term sustainability of cable fees from Time Warner's powerful Turner networks division.