Americans could be paying an extra $571 million a year for TV if AT&T buys Time Warner, says DOJ’s expert economist

Americans could be paying an extra $571 million a year for TV if AT&T buys Time Warner, says DOJ’s expert economist

6 years ago
Anonymous $CLwNLde341

http://www.washingtonpost.com/blogs/the-switch/wp/2018/04/11/americans-could-be-paying-an-extra-571-million-a-year-for-tv-if-att-buys-time-warner-says-dojs-expert-economist/

The Department of Justice's antitrust case against AT&T reached a crescendo Wednesday as government lawyers asked an expert economist to explain how the telecom giant's proposed $85 billion merger with Time Warner would lead to higher cable bills for consumers.

By 2021, consumers could be paying an extra $571 million a year in TV fees — the result of AT&T-Time Warner charging cable companies higher prices to carry channels such as CNN, TBS and TNT, said Carl Shapiro, a professor at the University of California at Berkeley who analyzed the deal on the government's behalf.