AT&T can buy Time Warner as judge shuts down Department of Justice

AT&T can buy Time Warner as judge shuts down Department of Justice

AT&T can buy Time Warner as judge shuts down Department of Justice

In a scathing opinion, Leon concluded that the government had failed to show competitive harm and urged the USA government not to seek a stay of his ruling pending a potential appeal, saying it would be "manifestly unjust" to do so and not likely to succeed.

"We're disappointed that it took 18 months to get here", he added, "but we are relieved that it's finally behind us". "This decision was a sound and proper rejection of all of the government's arguments to stop this merger".

AT&T, for its part, insists that legacy media companies can't compete with the rising titans of Amazon and Netflix unless they're allowed to bring content creation and distribution under the same roof.

"I couldn't help but notice that the more and more questions were raised during trial about the reliability of Professor Shapiro's theory and model, the more the government appeared to be minimizing the importance of his analysis", the judge wrote.

Who won in the Trump-Kim summit?
Hopes for peace on the long-divided Korean Peninsula, however, remain tempered by the many failed attempts in the past. Trump and Kim arrived in Singapore on Sunday and are set to leave later on Tuesday.

The six-week trial featured a parade of expert witnesses as attorneys for the opposing sides took Leon on a journey through the twisty dynamics of the media and entertainment landscape. With no phones or computers allowed into the courtroom, and attendees required to stay until after the judge had left the courtroom, the public was left in the dark for almost 40 minutes Tuesday afternoon as they awaited the decision. It's widely thought that Comcast may now make a bid for Fox, and that CBS and Viacom may merge. Instead, they argued the media industry is going through a massive change as fewer people subscribe to paid TV service and instead stream content via the internet. Google owns the Android wireless phone-operating system and dominates online advertising.

Americans for Limited Government President Rick Manning said the decision was regrettable.

Leon said the government's theory that the merger would give the combined company too much leverage in programming negotiations was "plagued by inconsistencies" and contradicted by the Justice Department's own evidence. (Again, AT&T's recent success seems to indicate that the government is fine with these huge acquisitions, so that may not be a factor.) Should Fox choose Comcast over Disney, Comcast will also pay Fox a $1.525 billion break-up fee that Fox would have to pay to Disney for backing out of their previous agreement.

The Writers Guild of America West called Leon's decision a "blow to consumers, content creators and competition".

Measure to split California into 3 states qualifies for November ballot
The proposal hopes to split the state into three separate states of California , Northern California and Southern California . People in California will have the chance to vote on the radical proposal to split the state into three.

"Compare today to the 50s or 60s when we had three television stations and you had one AT&T that was, then, protected by government monopoly", Crews said. "We continue to believe the pay-TV market will be less competitive and less innovative as a result of the proposed merger between AT&T and Time Warner". That is, deals where a company was buying its competitor, known in the legal jargon as a "horizontal merger".

A Comcast-Fox deal would be another vertical merger, like the AT&T-Time Warner deal.

The ruling comes with other big mergers awaiting review.

The AT&T case has long had political overtones.

Oil prices slip as production rises
Dutch bank ING, however, said some OPEC members would "struggle to push production back to October 2016 levels". That move took USA crude from about $50 a barrel in late 2016 to more than $70 in 2018.

Initially AT&T and Time Warner planned to use a "selective enforcement" defense, alleging that the administration was blocking the deal because of Trump's dislike of CNN. Last fall, he presented AT&T and Time Warner with two options: Sell the majority stake in either DirecTV or Turner Broadcasting.

Related news