Demand Progress: More than 115,000 Americans sign petitions opposing the AT&T takeover of Time Warner

In just over a week since the AT&T takeover of Time Warner was announced, more than 115,000 Americans have signed petitions, hosted by CREDO Action, Demand Progress, and Free Press, opposing the deal. The petitions call on Washington policymakers to stop the mega-merger, noting the dangerous concentration of economic and political power the deal would create, and that such mega-mergers rarely benefit consumers – instead serving to line the pockets of corporate executives.

“This merger would hurt consumers, stifle competition and poison our democracy,” said CREDO Deputy Political Director Josh Nelson. “It would reward Wall Street banks with huge fees while offering consumers less choice and higher prices,” he continued. “Washington’s failure to block mergers and bust up existing monopolies has already put far too much economic and political power in the hands of major corporations,” Nelson added. “Federal regulators must stop this anti-consumer merger from moving forward.”