Judge approves AT&T-Time Warner merger – live stream

[Voice of Reason 10,298]

Quote

Leon, the judge in this case, previously approved Comcast's acquisition of NBCU in 2011. In that case, he added a list of conditions the new entity was required to follow. Among those, Comcast agreed not to gouge competitors who wanted to carry NBC content and not to create a service entirely made up of Comcast or NBC content.

 

The Justice Department had pressured Time Warner to sell Turner Broadcasting, which includes the cable news operation CNN, or other segments of the business, which both companies resisted. They've now won that bet. Time Warner shares were up nearly 5 percent in after-hours trading.

 

Other media stocks that saw big price moves after the judge's ruling was announced included Twenty-First Century Fox, whose shares were up nearly 5 percent on speculation it could be the subject of a bidding war between Disney, which already has a $50 billion deal for Fox on the table, and a media giant like Comcast, which in recent weeks has been hinting of its interest in Fox.

 

And people are worried about trade tariffs with foreign countries?

 

 

https://www.cbsnews.com/news/judge-rules-on-att-time-warner-merger-live-stream/

[TBoneTX 43,038]

This might end up like the airline mergers that yielded only a handful of mega-airlines -- price-gouging and no thought to service, because they don't NEED to care.