you. i saw it live it was great. suzanne was there. suzanne is the first ceo of a television network. brian: number one network. is that real confetti? steve: absolutely. i left here at 8:30 yesterday. of the they didn t ring the bell until 9:30. we all had a chance to sit around for about an hour and just talk about what it was like in the very beginning because, you know, in the very beginning, nobody really knew if we were going to make it. ainsley: right. steve: ultimately, because we were not on in new york city because the big cable provider is time warner was time warner which owns cnn. they didn t have room for the fox news channel. ainsley: do you remember in the beginning competitors one come competitor said to the press we will squash them like a bug. steve: i remember that. ainsley: rupert put that up in the newsroom. steve: motivator. ainsley: now number one. brian: rudy giuliani put us on the public access channel for a week. i said wait a second.
comcast which owns nbc and a big cable provider. it would like to make a bid for rupert murd dock assets and dooirz is trying to buy the assetshe fox studio and within days comcast will go ahead now that it looked to the judge s ruling and believes it has firm ground it will go ahead and bid for the fox assets and we ll probably see other consolidation, not just in media but in other industries. and that is why this is one of the most important moments for american business in many years. good point, thank you very much. coming up, presiderump heads home from his summit with kim jong-un. where he anned a halt to u.s. military exercises with south korea. did he give away too much? adapt supply chains based on trends, tweets and storms. and make adjustments on the fly. the ibm cloud. the cloud for smarter business.
headlines we re following this hour. giving a major policy speech at gettysburg, pennsylvania, donald trump also made a point to vow that he plans to sue every woman who accused him of sexual misconduct. the republican presidential nominee made that remark at that speech that he s calling the women, all of them, liars. an 11th woman came forward saturday accusing mr. trump of kissing and hugging her in 2006 without permission. at&t agreed to buy time warner, the parent company of cnn. the mefrjer would help the wireless provider to expand. government regulators are working to approve that deal. it would turn at&t into a massive media powerhouse. in haiti, authorities are on the hunt for nearly 200 inmates who broke out of prison outside of port-au-prince. one guard was killed when an armed individual armed individuals led an up rising
worst mergers of all-time. the u.s. republican presidential candidate donald trump had this to say about the at&t/time warner possible deal. as an example of the power structure i m fighting, at&t is buying time warner and thus cnn, a deal we will not approve in my administration because it s too much concentration of power in the hands of two additionally, comcast s purchase of nbc concentrates far too much power in one massive entity that is trying to tell the voters what to think and what to do. deals like this destroy democracy. and we ll look at breaking that deal up and other deals like that. trump s opponent hillary clinton has not yet publicly reacted to this deal. we ll have more, of course, on the presidential candidates an the race for the white house a
it s also a satellite tv distribut distributor. it has the directv satellite network. what at&t doesn t have is content, programming, entertainment and that s what it s trying to gain through time warner. you think about what it has, cnn, this channel and a number of other valuable entertainment assets, like hbo, the warner brothers movie studio and cable channels like tnt and tbs and the cartoon network. at&t is buying all of those up at a cost of $85 billion. that s almost three times as large as the comcast/nbc merger about five years ago. in that case, government regulators spent more than a year reviewing the deal because comcast, the big cable provider reaches tens of millions of homes and owned valuable cable channels. ultimately, that was approved with conditions by regulators in washington. the experts i ve spoken with expect a similar outcome here. this deal will take over a year to be reviewed in washington and