President Trump’s Department of Justice is threatening to scuttle AT&T’s proposed purchase of Time Warner unless the merged companies dump Turner Broadcasting and CNN — a news organization the president hates more than most. AT&T’s CFO now says he doesn’t have a timetable for the $85.4 billion deal. Normally, some Democrats would be celebrating the merger’s obstruction, but the Justice Department’s efforts are shrouded in controversy because of fears that Trump might be meddling. [Peter Kafka / Recode]
Roku delivered its first earnings report as a public company, and shares popped more than 20 percent after the company posted better-than-expected sales and a narrower loss than Wall Street estimated. And quarterly revenue at 21st Century Fox slightly beat expectations; the company has considered selling most of its assets to Disney, which reports today.
After reporting a third straight quarter of bad earnings, Snap is scaring off some investors. Shares were down 15 percent at the end of trading Wednesday. But it had some buyers, too: Chinese investment company Tencent Holdings, which owns the WeChat messaging app, has taken a 12 percent stake in the company. And it looks like the redesigned Snapchat app that CEO Evan Spiegel hinted at on Tuesday will debut on Dec. 4. [Rani Molla and Kurt Wagner / Recode]
Democratic Sen. Al Franken scorched Amazon, Facebook and Google in a speech, slamming the tech giants for using “sophisticated, strategic tool[s] to maintain and strengthen their own power.” And after refusing several times to appear before Congress, former Yahoo CEO Marissa Mayer testified yesterday about a 2013 security exploit that compromised three billion user accounts, the single largest breach in history. [Tony Romm / Recode]
A year after Trump’s election, women and minority voters gave groundbreaking wins to a strikingly diverse field of Democrats. Among them: Danica Roem, a transgender woman who was elected to the Virginia House of Delegates, and who ran against a Republican incumbent who had introduced a “bathroom bill” in the Virginia Legislature to bar transgender people from restrooms. [The New York Times]
Big issues about ... big issues from the New York Times and the Wall Street Journal: The tech-themed issue of the Times Sunday Magazine takes on life after driving and the death of car culture. And the WSJ magazine devotes a special issue to nothing less than the future of everything, from a touring 3-D avatar of Whitney Houston to chatbots that will appeal your parking tickets and handle your divorce — for free. Don’t miss this NYT piece about AI researchers who left Elon Musk’s lab for a startup aimed at making robots that make other robots.
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This article originally appeared on Recode.net.