profishingrods.com
profishingrods.com October 16, 2018


Judge: Gov't evidence "too thin" in AT&T case

13 June 2018, 01:35 | Joann Bryant

AT&T-Time Warner Decision: Either Way, Media Is Ailing

Comcast readying new bid for 20th Century Fox film and TV assets

Still, at least one company, Comcast, the largest US cable provider, had been waiting for the court decision before making any large M&A moves in media, sources have said.

"The impact from this decision will have wide reaching ramifications across the telecommunications, media, and tech industry for decades to come", said GBH Insights analyst Dan Ives.

"This deal will accelerate content and streaming initiatives between Time Warner properties and AT&T and be a major shot across the bow to other cable and wireless players with all these assets under one hood", he said. The Justice Department could decide to appeal the ruling, however.

AT&T in a six-week trial argued that the purchase of Time Warner would allow it to gain information about viewers needed to target digital advertising, much like Facebook and Alphabet's Google already do.

In his decision, Leon weighed in on a case that carried political overtones, scrambled typical ideological alignments and triggered close attention from corporate executives beyond media.

During the trial, the judge heard from dozens of witnesses, including AT&T CEO Randall Stephenson and Time Warner CEO Jeffrey Bewkes.

On November 20, 2017 the Justice Department sued to stop the deal, saying the merger would violate antitrust law because it would harm competition and consumers. That's not to say that vertical mergers get through regulatory approval free and clear - the FTC has fought 22 vertical mergers since 2000 - but they receive less scrutiny than horizontal mergers. The "drop dead" deadline for completing the merger is June 21.




The Justice Department had repeatedly suggested the judge consider forcing AT&T to divest some of Time Warner's cable channels. The ruling could open the floodgates to deal making in the fast-changing entertainment and video-content worlds.

Rival cable company Comcast is now likely to go ahead with its planned attempt to woo Twenty-First Century Fox Inc away from Walt Disney Co, which said it would acquire most assets of the media company for around $50 billion a year ago.

Those comments and his repeated criticism of CNN, which is owned by Time Warner's unit Turner Broadcasting, raised speculation that Trump had pushed Delrahim and the Justice Department to block the deal. Trump had pledged to block the deal when he was campaigning for president.

"We are disappointed that the court missed an opportunity to rein in the First Amendment-crushing mass media consolidation trend, which puts too much media power in the hands of too few", Manning said in a statement. The government's star witness was Carl Shapiro, an economist at the University of California, who used an economic model to predict that consumer cable bills could rise by $500 million annually in aggregate by 2021.

AT&T's wooing of Time Warner has been politically complicated from the outset. The companies rejected both options.

The government estimated costs to industry rivals, such as Charter Communications Inc, would increase by US$580 million a year if AT&T owned Time Warner.



Other News

Trending Now

Domino's is helping fix potholed roads so your pizza stays ideal
On May 3, a Domino's spokesperson said the discovery was "an extremely isolated incident, confined to a single store". Domino's Pizza is underscoring the importance of its carryout business by working to make roads easier to drive on.

'America's Got Talent' victor Neal Boyd dead at 42
In addition to his music career, he ran for an empty seat in the Missouri House of Representatives in 2011. The TV star passed away at 6 pm on Sunday in his hometown of Sikeston, Missouri.

'Slim Chance' LeBron James Would Join Warriors Or Celtics, Reports Say
Irving recently spoke to the New York Times and when asked about his future with the Boston Celtics , he wasn't very clear. Of course the teams would, it would save them tens of millions of dollars and get star players under control earlier.

Fortnite is out today for Nintendo Switch
The girl's parents bought her the Xbox in January and she downloaded Fornite - endorsed by numerous celebrities - soon after. The first clues to her addiction came from her schoolteacher, who started expressing concern for the girl.

Warriors coach Steve Kerr reveals tension between Kevin Durant and Steph Curry
Even if this is all just in good fun, it seems unsafe to stir the pot with a player like Durant. But want him to be happy and want him to know that we want him as long as he wants to be here.

National Hurricane Center: Monitoring Gulf of Mexico for low chance development
It is expected to have weakened to a tropical storm by the with periods of rain and gusty winds. The National Hurricane Center is monitoring an area of storms over the western Caribbean Sea.

Macedonia's new name is ridiculous
European Council President Donald Tusk tweeted his support for the agreement: "Thanks to you the impossible is becoming possible". Bulgaria, holder of the EU's rotating six-month presidency said the deal paved the way for accession talks.

Elon Musk’s ‘Not A Flamethrower’ Devices Show Up On eBay For Thousands
As of Sunday afternoon, a few eBay users had posted white flamethrower guns - which Musk has named " Not A Flamethrower ". Some have criticised the sale of the "Not-a-Flamethrower" to the general public, viewing it as a major safety risk.

Manchester United make a Positive Start in the Transfer Window
Pires continued. "But I think he's a good player if he wants to join Arsenal , I think it would be good news ". The Manchester United striker insisted he has a good relationship with Red Devils boss Mourinho.

North Korea sanctions to 'remain in effect’
He said it was a last minute deal and expected more than 6,000 Americans' remains to be brought back to the U.S. If we've learned anything during President Trump's time in the Oval Office, it's that he loves Twitter .