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all right. a major investment firm is taking a big stake in at&t. it is the parent company of cnn and warner media and demanding changes. >> christine romans joins us now. explain to our viewers what's going on here and what kind of changes they're talking about. >> this is an activist investor, buys up shares of a company and goes in and says i want seats on your board and make these schingsz we can all make more money. a hedge fund elliott management. it's demanding changes, and spin-offs. the fund says if at&t can focus on its core assets like u.s. wireless business the stock could almost double to $60 a share in the next two years. elliott wants at&t to review and divest from many of its noncore businesses, for example, spinning off direct tv and its