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Time Warner shares rose 7.82% to $89.48 at market's close, while AT&T fell 3% to $37.49.
With YouTube's help, Google's reported online TV service can stand out in an increasingly crowded field. But it isn't clear that either cord-cutters or pay-TV subscribers will embrace it.
Fox News won the ratings battle in the third presidential debate, an event peppered by Trump's refusal to say whether he would concede if he loses the Nov. 8 election.