DOJ and AT&T Clash Over Impact on Consumers of a Time Warner Deal
https://finance.yahoo.com/news/doj-t-clash-over-impact-225600656.html
The Justice Department, which is seeking to block the $85 billion deal, said the merger could mean at least $400 million in pay-TV price increases because AT&T, which owns the DirecTV satellite service, would have newfound marketplace leverage if it folds in Time Warner’s stable of programming, including the Turner networks and HBO.
“If the merger goes forward, consumers all across America will be worse off as a result,” said Justice Department lawyer Craig Conrath.
DOJ and AT&T Clash Over Impact on Consumers of a Time Warner Deal
Mar 23, 2018, 10:12am UTC
https://finance.yahoo.com/news/doj-t-clash-over-impact-225600656.html
> The Justice Department, which is seeking to block the $85 billion deal, said the merger could mean at least $400 million in pay-TV price increases because AT&T, which owns the DirecTV satellite service, would have newfound marketplace leverage if it folds in Time Warner’s stable of programming, including the Turner networks and HBO.
> “If the merger goes forward, consumers all across America will be worse off as a result,” said Justice Department lawyer Craig Conrath.