AT&T-Time Warner deal 'not good for the country,' Trump says

AT&T-Time Warner deal 'not good for the country,' Trump says

AT&T-Time Warner deal 'not good for the country,' Trump says

A day after his Justice Department sued to stop AT&T's purchase of Time Warner, President Donald Trump weighed in on the potential impact of the deal on the country.

Trump, an in impromptu press conference at the White House, said that he did not want to "get involved in litigation", but said that he has "always felt that was a deal that's not good for the country". "Your pricing is going to go up".

"I've done a lot of deals in my career, but I've never done one where we have disagreed with the Department of Justice so much on even the most basic of facts", he said.

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"Trump's remarks came a day after his Justice Department filed suit to block the proposed United States dollars 85 billion deal linking AT&T's internet and pay TV operations with the content from Time Warner, which includes HBO and CNN news channel with which he has feuded".

"The combined company would use its control over Time Warner's valuable and highly popular networks to hinder its rivals by forcing them to pay hundreds of millions of dollars more per year for the right to distribute those networks".

The Justice Department also said the merger threatens competition in the pay-TV market, since AT&T owns a mobile phone unit, a satellite TV company and DirectTV Now, an online TV service.

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A Justice Department official said Monday that the White House had played no role in the agency's decision and that the president's comments about CNN were not a factor.

The DOJ filed suit over the AT&T Inc.

But he said a proposal that Time Warner sell-off CNN as part of a settlement with the Trump Justice Department would be a "non-starter". "But nobody should be surprised that the question keeps coming up because we've been witnessing such an abrupt change in the application of antitrust law here".

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Trump spoke out against the deal as a presidential candidate, and there was widespread speculation that he might try to block it to punish CNN, a Time Warner property whose coverage of him he frequently criticizes. As for Trump, his comments Tuesday on the corporate tie-up are consistent with his attacks on the 2016 campaign trail.

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