Fox Business’ Charles Gasparino: ‘Hot and Heavy’ Speculation on Wall Street That Jeff Bezos is Buying CNN

Fox Business senior correspondent Charles Gasparino revealed there is “hot and heavy” speculation on Wall Street that billionaire Amazon CEO and Washington Post owner Jeff Bezos is interested in buying CNN.

On Fox Business’ Cavuto: Coast to Coast, Tuesday, Gasparino told anchor Neil Cavuto there is “pretty hot and heavy investment banking speculation that CNN could be for sale, and that the buyer of CNN could be none other than Jeff Bezos.”

Gasparino revealed that among his investment banking sources, rumors are “rampant that Bezos is interested in buying CNN,” before disclaiming, “Now obviously we should point out that Fox Business has not been able to confirm Bezos’ interest, he has not called us back.”

“CNN has declined to comment, although people at AT&T — which is the parent company for CNN — have said that they have not really received any interest from Bezos just yet,” he noted, adding, “Still, the reason why we report stories like this deal is because it may be foreshadowing something might come in the future.”

Gasparino explained that AT&T “is looking to shed assets, it has a massive debt load, the purchase of Time Warner cost a lot of money, they spent a lot of money fighting for it in court,” and that “now they need to shed some assets.”

“CNN is an asset that does make money, although it’s in third place in terms of ratings, from what I understand it’s profitable,” he declared. “Also, there’s a lot of talk inside AT&T that they’re a little uncomfortable with having content — if they’re going to keep content and distribute it through their wireless networks that they run right now — that they would like less controversial content.”

“No one really has qualms about Turner Classic Movies, but CNN is a lightning rod and you know why, particularly with Republicans,” Gasparino concluded.

Watch above via Fox Business.

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