Mike Snider and Edward C. Baig USA TODAY Published 10:31 p.m. UTC Jul 13, 2018 Could the U.S. government upset AT&T's plans to give viewers Internet streaming bundles that leveraged its acquisition of Time Warner? Not a chance, the telecom giant's CEO insisted Friday. The morning after the Justice Department said it would appeal an anti-trust decision that led to AT&T's acquisition last month of Time Warner for $85 billion, AT&T CEO Randall Stephenson insisted the legal maneuver would not jeopardize any of the latest video offerings AT&T has pitched to consumers. "We're off and running," Stephenson told CNBC from Sun Valley, Idaho, where he is attending the annual Allen & Co. conference with other tech and media moguls, many of whom will have a rooting interest in how the legal proceedings play out. After the merger was completed, AT&T launched WatchTV, a broadband-delivered video … [Read more...] about The AT&T-Time Warner deal: Could Justice Dept. derail latest moves for WatchTV and prices?
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By Joe Flint, Joe Flint The Wall Street Journal BiographyJoe Flint @JBFlint [email protected] Drew FitzGerald and Drew FitzGerald The Wall Street Journal BiographyDrew FitzGerald @drewfitzgerald Google+ [email protected] Alexandra Bruell Alexandra Bruell The Wall Street Journal BiographyAlexandra Bruell [email protected] June 13, 2018 6:05 p.m. ET 95 COMMENTS Last month, comedian Samantha Bee used a vulgarity to describe Ivanka Trump on her TBS show. It was bleeped on air, but ran online, and set off a scramble inside Time Warner Inc., the network’s parent company. Advertisers pulled out. Ms. Bee apologized. Time Warner Chief Executive Jeff Bewkes was furious. The comedian’s defenders argued that stars on sister channel HBO get to cross lines all the time, people familiar with the matter said. In the end, Ms. Bee wasn’t suspended. Congratulations, AT&T Inc., T -2.90% now all this is yours. The telecom giant this week … [Read more...] about AT&T’s Time Warner Prize—A Load of Hollywood Headaches
WASHINGTON (AP) — The Latest on the resolution of the AT&T-Time Warner antitrust case (all times local): 5:20 p.m. Investors are welcoming a federal judge's approval of AT&T's $85 billion takeover of Time Warner. A rejection might have chilled possible multibillion-dollar deals involving other media companies. Instead, a rush to consolidate is likely. In after-market trading following the ruling, shares of Time Warner rose nearly 5 percent and AT&T shares fell 1.6 percent. Shares of Twenty-First Century Fox rose more than 4 percent, while Disney's stock dropped slightly more than 1 percent. Disney has a deal to buy the bulk of Fox, but Comcast is now expected to make a counterbid, especially with the favorable ruling for AT&T. Comcast shares fell 3.3 percent, though. Shares of both T-Mobile and Sprint rose; their proposed combination is pending. U.S. District Judge Richard Leon rejected the government's argument that the AT&T-Time Warner combination would … [Read more...] about UPDATE: Investors welcome AT&T-Time Warner approval
WASHINGTON (AP) - The U.S. government pleaded its case Monday for blocking AT&T from absorbing Time Warner, saying the combination would hurt consumers.In the landmark antitrust trial's last day in federal court, lead Justice Department attorney Craig Conrath argued that the $85 billion proposed merger "would have a massive effect on the structure of the pay-TV industry."The Trump Justice Department sued in November to block the deal, saying it would force consumers to pay hundreds of millions of dollars more to watch their favorite shows, whether on a TV screen, smartphone or tablet.Conrath told U.S. District Judge Richard Leon that if he doesn't block the merger outright, he should consider ordering other remedies such as "partial divestitures." That could mean, for example, that AT&T wouldn't be able to acquire key parts of Time Warner like Turner Broadcasting, which includes CNN, Conrath suggested."That is an effort to kill the deal," Daniel Petrocelli, the companies' lead … [Read more...] about Govt argues that AT&T-Time Warner deal would hurt consumers
Brian Fung, The Washington Post Published 4:37 pm, Monday, March 26, 2018 Photo: AP Photos AT&T is battling the Justice Department over its proposed merger with Time Warner AT&T is battling the Justice Department over its proposed... Amid sky-high cable bills, many TV viewers have sought to cut costs by firing their TV providers and switching to a relatively new crop of online alternatives offering fewer channels at a lower price. These so-called "skinny bundles" are often streamed live over the internet and on mobile devices, creating new experiences for TV fans. But that video revolution could be threatened if the government allows AT&T to buy Time Warner, according to one of America's first providers of live, streaming skinny bundles. Under AT&T's ownership, Time Warner could force those new TV providers to take on more channels than customers of those services want or need, Warren … [Read more...] about ‘Skinny’ TV bundles threatened if AT&T merges with Time Warner, says Dish