WASHINGTON — A federal appeals court has blessed AT&T’s takeover of Time Warner, defeating the Trump administration by affirming that the $81 billion merger won’t harm consumers or competition in the booming pay TV market.
The ruling by the U.S. Court of Appeals in Washington came Tuesday in the high-stakes competition case, approving one of the biggest media marriages ever. It was already completed last spring soon after a federal trial judge approved it, as phone and pay TV giant AT&T absorbed Time Warner, the owner of CNN, HBO, the Warner Bros. movie studio, “Game of Thrones,” coveted sports programming and other “must-see” shows.
Many observers had expected the decision favorable to AT&T from the three-judge appeals court panel, which upheld the trial judge’s June ruling.
This wasn't about antitrust. It was about Trump hating CNN. Biggest antitrust loss for DOJ in decades because it was brought by vindictive moron. More money wasted by this useless oaf.
Good ole’ Wall Street loves world Competition in the Labor Markets but cringes when they have to compete for customers. Hypocrites realDonaldTrump nytimes Then again the media is all one in the same already informationally. National security risk? FoxNews maga
Shameless
Sure...... now instead of two whole cable/ internet companies to choose from, I only have one. But ok, I won't get screwed!!!! What a damn joke.
What a joke.
AT&T can't even keep Uverse running in Atlanta. Have fun all their new customers.
710KURV There goes our service. ATT will increase prices and lower service. The Time Warner customers have been screwed.
So wrong crooks
Who in the hell approved the Monopoly of AT&T merging with Time Warner? realDonaldTrump where is the competition in this...? WTF? Time to get rid of everyone one of these politicians and replace them all!!!! TERM LIMITS!!!!
Congratulations AT&T. This will put you at an advantage in the upcoming war for streaming providers. I cut the cable over a year ago and went streaming. I never looked back.
Donnie loves CNN
I'm glad to hear that
is that why they jacked up my Directv NOW 'forever' $35/month rate after only a year-and-a-half!?
FYI: att makes everything it touches worse.
This is outrageous! What ever happened to breaking up big corporations. This is dangerous to the economy.
Yea what happened to competition in the free market? Oh right that is just Bullshit.
Time Warner employees should get ready for massive layoffs. You will become redundant.
👎🏽👎🏽👎🏽
Lol. Sure it won't harm consumers. They have their own Uverse service, they own DirecTV and soon Time Warner?
The fuck it will. Nice rubber stamp there appeals court.
Damn idiots
But AT&T merger with T-Mobile years ago didn’t go through. 🤔
This is crap
Yeah let's just squoosh up everything into one big goddamn company what could possibly go wrong?
Pay tv? Hahaha more people are cancelling cable and moving to streaming services. Kill cable.. the smart thing to do.
Welcome to late stage capitalism folks!!!
Another reason America is failing. Another too big to fail monster. No one to fill that void.
Wasn’t ATT broken up in the past for shit like this? I mean they are own direct tv as well. 🤷🏾♂️
Uh huh 😏
That's good DT can't stop them.
Where’s Teddy Roosevelt when you need him? TrustBustingisHellaNecessary
Teddy wouldn't be happy.
Could this change msm?
Ya about that
Big mistake
Remember when they broke up Ma Bell in the early 80s?
I remember the Ma Bell antitrust breakup. What a flipping joke and waste of time that exercise was. And don't forget, John D. Rockefeller Sr said ' competition is sin'.😉
Sure! Sounds perfectly fine in this bizzaro reality we’re stuck in.
Liars! DirecTV is the sole distributor of NFL games. Consumers pay as much as $1000 bucks for the whole season, Businesses pay 5 times as much ($6000) depending on their FirecodeOccupancy. Whereas the whole season of Soccer costs $500. Yeah! monopolies don't affect consumers.
John D. Rockefeller is smiling in his grave. He’d just love to see how the US is headed right back to the monopolies where he made his money.
I guess they figured that since everything about telecommunication sucks this won't make it any worse
Somethings up. Time to research.
“blesses”?
Anti-laws don't work. Big corporations are hugely corrupt. They know how to bribe judges. There is a massive scam.
...until your bill jumps by 500% in the span of one month. Too late to do anything then. 10 years later, people are used to it and don’t care anymore. Like paying $15 for a burger and fries at a fast food restaurant. Conditioning.
So Dems hate corporations but when Trump is with them they’re willing to support mega corporations?
This is laughable on its face
Wonder how much the judges made off the deal?
What a joke!
Trump tried to stop the deal. Again justice won. Trump hates CNN who is part of Time Warner & tried to stop the merger. Trump lost in the first court hearing then went to the appeals court & lost again. Trump is a Loser & Republicans need to start acting for America & not Trump.
What a crock.
Calm down everyone. Corporations are people too. They have a flowery moral center that will treat us fairly.
The US needs to get serious about Trust Busting again.
we need a Teddy! This is horse plop.
...with that being said; T-Mobile and Sprint merger should be no problem.
Wrf? This country is so fucked.
What does a telecom company need with HollyWood? Interesting
This will likely have the president yearning even more for the powers of Xi Jinping.
🤦♂️
Lies from the table cloth
So, did they forget the definition of 'monopoly'? Or 'consumers'? Or 'harm'?
What a load of crap
Seems like AT$T is too big again. Stupid regulators need to ousted
Funny I remember learning that monopolies weren’t a good thing. thissoundsbad
Can you hear me now cha Ching 💰 💴 💵
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US appeals court clears AT&T's $81B merger with Time WarnerSweet, can’t wait for prices to soar. Bad decision! Lets please appeal it to Supreme Court & I’ll tell you why.ATT denied me phone in Philly area bc my AZ ID didn’t have exp. on it. They don’t put exp dates on AZ ID,it’s there job to know that. Also after getting company phone ATTworker stole my tablet! They admit it
Source: ABC - 🏆 471. / 51 Read more »
Federal appeals court upholds AT&T’s Time Warner merger, handing defeat to Justice DepartmentThe decision is a big defeat for the Justice Department's top antitrust chief, Makan Delrahim. And soon the Covington kids will defeat you Didn't we all learn as a kid how bad a monopoly is.... Trump just can’t win!
Source: washingtonpost - 🏆 95. / 72 Read more »
Appeals court backs AT&T acquisition of Time WarnerAppeals court rejects bid by the Justice Department to overturn a ruling that cleared the way for AT&T's acquisition of Time Warner, including CNN Could this be any more confusing to read? All anyone needs these days is a solid internet connection. Good luck making money on that. This is bad policy by government. Allowing companies to eliminate competition resulting in much higher cost for consumers ! NOT lowering cost as they propose because of reduced cost thru consolidation . A lie in itself.
Source: cnnbrk - 🏆 393. / 55 Read more »