Justice Department Appeal of Time Warner Deal ‘Changes Nothing,’ Says AT&T CEO Randall Stephenson

AT&T Inc. Chief Executive Randall Stephenson said his company won’t alter its plans for running Time Warner’s media assets despite a Justice Department appeal of the court decision that allowed the transaction.

“We think the likelihood of this thing being reversed or overturned is really remote,” Mr. Stephenson told CNBC Friday in an interview at Allen & Co.’s annual Sun Valley, Idaho, media conference. “The merger is closed. We own Time Warner.”