WHY THIS MATTERS:Lachlan and James Murdoch didn't sound like two media chiefs hot to unload their programming assets Wednesday, spending a good portion of 21st Century Fox's fiscal first-quarter earnings call emphasizing the growth prospects for their cable and satellite operations.
WHY THIS MATTERS:Capping off an eventful day in AT&T's year-long effort to acquire Time Warner Inc., AT&T CEO Randall Stephenson shot back at reports that the telco had offered to sell CNN to clear the path toward the Justice Department's approval of the deal.