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News: General

Antitrust Trial Underway Over AT&T-Time Warner Merger

Tuesday, March 20, 2018   (0 Comments)
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From Variety:

The antitrust trial over AT&T’s proposed merger with Time Warnerstarted on Monday, a case that has huge ramifications for the future of Hollywood and other massive media mergers in an age of consumer disruption.

The first morning was devoted to the question of just what types of evidence should be admitted into the case, but it also offered a glimpse of what will happen in the weeks ahead. AT&T CEO Randall Stephenson and Time Warner CEO Jeff Bewkes are expected to testify, and the government is planning to call executives at rival companies to argue that the transaction will harm their competitive positions.

The Justice Department, which is suing to block the $85 billion merger, wants to enter a large number of emails from executives from both companies, including what one of the government’s attorneys, Eric Welsh, said would be “some very startling statements” from corporate executives.

- Read the full story at Variety.com


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