WASHINGTON | AT&T antitrust win may herald new wave of media mergers
WASHINGTON (AP) — Brace yourself for a likely new era of media megamergers.
AT&T’s victory over the government’s attempt to block its $85 billion takeover of Time Warner underscores just how much the way people watch — and pay for — TV has changed. It also highlights how corporate America wants to adapt to deal with its new environment. In short: Bigger is better.
The government argued that the merger would stifle competition and lead to higher cable bills.