November 2017

This is a lousy deal that would raise prices and give AT&T way too much power. The Justice Department should reject it. Making AT&T sell must-have content properties like the Turner Networks and CNN, or even divest a nationwide video-distribution platform like DIRECTV, could be legitimate ways to soften the concentration harms if the deal goes through. While there are plenty of good reasons to oppose AT&T’s Time Warner takeover, punishing CNN for trying to hold this administration accountable isn’t one of them.

The Department of Justice and AT&T traded accusations Nov 8 over whether the company would have to sell off CNN, the cable network frequently feuding with President Trump, as a condition of its merger with Time Warner.  AT&T CEO Randall Stephenson flatly denied that his company had ever entertained the idea of selling CNN to win approval of the deal. “Until now, we’ve never commented on our discussions with the DOJ. But given DOJ’s statement this afternoon, it’s important to set the record straight,” said Stephenson.