AT&T and US Regulators at Odds Over Deal for Time Warner

AT&T and US Regulators at Odds Over Deal for Time Warner

The Justice Department could file a lawsuit as early as this month to challenge the deal, sources familiar with the negotiations told Reuters. AT&T can deliver this video over the internet, including its cellular network. The agency is concerned that AT&T's ownership of Time Warner content could raise the costs of its pay-TV rivals, according to one of the people.

But AT&T is said to be reluctant to sell assets, especially Turner, which represents a significant portion of Time Warner's profits. AT&T representatives then proposed selling the network, which officials said wouldn't necessarily solve the theorized harm to the public, the DOJ sources added.

Several Democratic senators warned the deal would lead to higher prices and fewer choices for consumers.

"The Department of Justice and the different departments within the Department of Justice who look at merger deals will do their work".

This time, the hosts were discussing the possible responses from the Department of Justice to the merger between AT&T and Time Warner and how it would impact CNN.

The Justice Department is supposed to make merger reviews based exclusively on antitrust law.

Besiktas official confirms interest in Fellaini
Mourinho dismissed interest from Galatasaray in the summer, suggesting it would be easier for them to hire him as manager than to buy Fellaini.

The deal is opposed by an array of rivals and consumer groups anxious that it would give the combined company too much power. The deal would include CNN, a constant target for criticism for the president who has regularly blasted the news company for "fake news". In a statement, White House spokesman Raj Shah said: "The president did not speak with the attorney general about this matter, and no White House official was authorized to speak with the Department of Justice on this matter". Trump's hand-picked antitrust chief, Makan Delrahim, said he has "never been instructed by the White House on this or any other transaction under review by the antitrust division". Conway denied that the White House had influenced the DOJ at all.

President Trump has long accused CNN of harboring a bias against him. "For me it would be virtually impossible to not take that into account".

"While there are plenty of good reasons to oppose AT&T's Time Warner takeover, punishing CNN for trying to hold this administration accountable isn't one of them", Craig Aaron, president of liberal group Free Press, which opposes the AT&T-Time Warner deal, told Politico.

Stephenson defended the Time Warner deal and said AT&T is continuing to talk with the DOJ "to see if we can get to a negotiated settlement". Stephenson was responding on a question on whether he would consider selling Turner or HBO.

Some sources suggested that Stephenson never explicitly "offered" a sale of CNN, but brought up the various assets of Time Warner in order to take the government's temperature. There were also reports that the DOJ told AT&T that it could instead sell DirecTV to secure approval. But most of those involved direct competitors.

Related Articles