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October 24, 2016

AT&T Agrees to Purchase Time Warner in $85 Billion Deal
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In media news, AT&T has agreed to purchase Time Warner for $85 billion.
If approved by federal antitrust regulators, the merger would give AT&T
control over Warner Bros. film and television studios, along with CNN,
TNT, HBO and many other brands. Critics warn of further limits to
competition and higher prices for customers. The merger could also allow
AT&T to give preferential treatment to streaming video from Time
Warner's companies, which would violate the principles of net
neutrality. On the campaign trail, a spokesperson for Hillary Clinton
said the proposed merger raises "questions and concerns." Donald Trump's
campaign took a harder line, saying in a statement, "Donald Trump will
break up the new media conglomerate oligopolies that have gained
enormous control over our information."
Topics:Media Consolidation Corporate Power

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