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May 19, 2014

AT&T Buys DirecTV for $48.5 Billion 
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The telecom giant AT&T has agreed to buy satellite television operator
Direc TV in a $48.5 billion deal. It is the second major media takeover
this year following the merger of Comcast and Time Warner, which remains
up for federal approval. In a statement, the media reform group Free
Press said the AT&T-Direct TV deal would hurt consumers and stifle
competition, calling it a result "of more than a decade of shortsighted
FCC policies that have encouraged consolidation over competition."

 

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