Justice Department sues to block AT&T-Time Warner deal

[spanone]

The Justice Department has filed a lawsuit to block AT&T's takeover of Time Warner, the parent company of CNN.

The lawsuit, filed in federal court in Washington, D.C., on Monday, is an unusual challenge to the $85 billion deal, which was announced by the two companies more than a year ago. AT&T says it will fight the case in court.

In the suit, the DOJ argues that the deal violates antitrust law because AT&T would likely "use its control of Time Warner's popular programming as a weapon to harm competition."

The government alleges that the deal "would result in fewer innovative offerings and higher bills for American families."

AT&T has been preparing for a potential legal challenge. It immediately disputed the government's claims on Monday.

http://money.cnn.com/2017/11/20/media/att-time-warner-deal-lawsuit/index.html

[Fred Sanders]

1. Why is Sinclair Broadcasting not being sued for it's attempt to corner almost 75% of local TV?

I think I know.

[spanone]

2. trump hates cnn...constantly calls them 'fake news' ....political retribution

this is how dictators take on the media

[BigmanPigman]

3. Circa is following in Sinclair's footsteps.

Be wary of them too.

[JHan]

4. The AT&T/Time merger is also problematic for the Kochs who want Time Warner Inc.