In media news, AT&T has agreed to purchase Time Warner for $85 billion. If approved by federal antitrust regulators, the merger would give AT&T control over Warner Bros. film and television studios, along with CNN, TNT, HBO and many other brands. Critics warn of further limits to competition and higher prices for customers. The merger could also allow AT&T to give preferential treatment to streaming video from Time Warner’s companies, which would violate the principles of net neutrality. On the campaign trail, a spokesperson for Hillary Clinton said the proposed merger raises “questions and concerns.” Donald Trump’s campaign took a harder line, saying in a statement, “Donald Trump will break up the new media conglomerate oligopolies that have gained enormous control over our information.”
AT&T Agrees to Purchase Time Warner in $85 Billion Deal
HeadlineOct 24, 2016