What is the difference between CNN and the titanic? The titanic still had all its anchors when it sank.
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In mergers acquisitions it usually does include the whole company, unless otherwise specified in the contract that certain assets (selected companies) would not be included in the sale, and would be peeled off. I think AT&T was just happy to sell it so it was a bargain price, but what a shipwreck to acquire.
I know. Hopefully Discovery does at some point, make some serious changes at CNN. I am doubtful of that though.