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The Justice Department and Federal Communications Commission delivered two significant decisions that impact AT&T's future. Did the company just get two wins in a single week?
The future of AT&T could be shaped by two big decisions in Washington this week, with the Justice Department suing the telecom giant on Monday to block its $85 billion purchase of Time Warner and the Federal Communications Commission announcing a plan Tuesday to roll back net neutrality rules, handing a big win to Internet providers. […]
On Monday, the Department of Justice sued to block AT&T’s acquisition of Time Warner, alleging that the merger would hinder competition in violation of federal antitrust law. The DOJ had reportedly warned AT&T that it would need to sell either Turner Broadcasting—CNN’s parent company—or DirecTV to receive approval for the merger. Show More Summary
Investment bankers are nervous that the effort to block AT&T’s takeover of Time Warner will cool a hot market for mergers and acquisitions.
If you've been paying attention, the Trump admninistration has been engaged in a frontal assault on everything from net neutrality to media consolidation rules, its legacy-industry-cozy policies driving a new wave of mergermania in telecom and media. Show More Summary
David McAtee II, AT&T's general counsel, said in a statement: "Today's DOJ lawsuit is a radical and inexplicable departure from decades of antitrust precedent. Vertical mergers like this one are routinely approved because they benefit consumers without removing any competitor from the market. Show More Summary
Although the DoJ suit against AT&T and Time Warner to block their proposed merger seems to lack merit, nevertheless it could weigh on AT&T shares, writes Jennifer Fritzsche of Wells Fargo.
Susan Crawford, one of America's leading scholars of monopolism, competition and the tech industry, has an outstanding article in Wired laying out the principled case for killing the AT&T/Time-Warner merger, which the Trump DoJ has just filed a lawsuit to block. (more…)
Yesterday the CEO of AT&T came out in response to the just-announced DOJ lawsuit and said in CEO-speak that they are going to court and ready to use full discovery powers to determine whether President Trump’s animus toward CNN is what is driving this dispute. Show More Summary
Nearly 70 years ago, a landmark antitrust lawsuit changed how Hollywood did business. That case — United States vs. Paramount Pictures — banned major movie studios from owning cinema chains because that gave them too much power. Now, the U.S. Department of Justice has sued AT&T in an attempt to...
The Trump administration's decision to oppose the $85 billion AT&T-Time Warner merger may be clouded by suspicions of political influence. But considered on its merits, it could mark a significant departure in antitrust policy, one that might block or modify a broader set of mergers found to harm consumers.
Loosening rules on internet providers would let big companies charge more for their services. But a suit to block a merger signals a tougher stance against big business.
While debate swirls over a redesign of Philip Johnson's postmodern skyscraper, it's unclear what will happen to Rockburne's two site-specific paintings in the building's lobby. The post Dorothea Rockburne Murals in Limbo as the Former AT&T Building Awaits Its Fate appeared first on Hyperallergic.
The days before Thanksgiving are apparently ripe for regulatory moves this year. While the DOJ prepares for court in its opposition to AT&T/Time Warner, FCC Chairman Ajit Pai is about to unveil plans to overhaul net neutrality.... [visit site to read more]
They’ll be made out of stuffing, of course As fans crowd into AT&T Stadium on Thanksgiving Day to watch the Dallas Cowboys take on the Los Angeles Chargers, the arena’s culinary staff will be serving up a ridiculously over-the-top, Texas-shaped...Show More Summary
Why is the Justice Department suing to prevent AT&T’s acquisition of Time Warner? Is it for legitimate antitrust reasons? Michael Hiltzik makes that case here. Or is it because Time Warner owns CNN and Donald Trump hates CNN? Is this just a way for Trump to take revenge on his least favorite news channel? James […]
Best overall Best for smoothness Best value Best for accessories Best overall Samsung Galaxy S8 See at Amazon See at AT&T See at Sprint See at T-Mobile See at Verizon It should come as little surprise that the Samsung Galaxy S7 has been dethroned as the best phone for gamers by its follow up, the Galaxy S8. Show More Summary
Event Time TV NBA Denver at Houston 7:00 AT&T Golden State at Oklahoma City 7:00 ESPN Mavericks at Memphis 7:00 FSSW LA Lakers at Sacramento 9:30 ESPN LA Lakers at Sacramento (delay) 1:30 am ESPN2 Men's NCAA basketball Idaho State at...Show More Summary
This move gives a major win to companies like Verizon, Comcast, AT&T, and Charter. by Katie Herzog FCC Chairman Ajit Pai, good friend to telecom giants. FCC Chairman Ajit Pai, a Republican and great friend of conservative Sinclair Broadcasting,...Show More Summary