Sunday, August 19, 2018
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Amazon to Release Live TV Recorder
U.S. Wants to Wiretap Facebook Messenger, Report Says
More Affordable, 13-inch MacBook and $160 AirPower Expected at Apple's Event
Google to Launch Its Own Smart Display, Report Says
Nvidia Reports Record Revenue From Datacenter, Gaming, Professional Visualization, Automotive
Arm Client CPU Roadmap Includes Advanced Hercules and Deimos Chips
Google To Release Lightweight Version of Android Pie for Entry-level Smartphones
Japan Accuses Apple of Pressuring Game Rivals: Nikkei
Active Discussions
Which of these DVD media are the best, most durable?
How to back up a PS2 DL game
Copy a protected DVD?
roxio issues with xp pro
Help make DVDInfoPro better with dvdinfomantis!!!
menu making
Optiarc AD-7260S review
cdrw trouble
 Home > News > Mobiles > Justice...
Last 7 Days News : SU MO TU WE TH FR SA All News

Tuesday, November 21, 2017
Justice Department Sues to Stop AT&T - Time Warner Deal

The U.S. Department of Justice (DoJ) has launched a suit against AT&T, arguing that the telecom carrier would use Time Warner's content to force rival pay-TV companies to pay much more for Time Warner's networks.

The United States Department of Justice filed a civil antitrust lawsuit to block AT&T/DirecTV's proposed acquisition of Time Warner Inc. "The $108 billion acquisition would substantially lessen competition, resulting in higher prices and less innovation for millions of Americans," the DoJ claims.

According to the complaint, which was filed in the United States District Court for the District of Columbia, the combined company "would use its control over Time Warner's valuable and highly popular networks to hinder its rivals by forcing them to pay hundreds of millions of dollars more per year for the right to distribute those networks. "

AT&T Inc. is the largest telecommunications company in the world. AT&T is also the country's largest Multichannel Video Programming Distributor (MVPD), with more than 25 million subscribers. It has three pay-TV offerings: (1) DirecTV, a satellite-based product with almost 21 million subscribers that it acquired through a merger in 2015; (2) U-Verse, a product which uses the local AT&T fiber optic and copper network and has almost 4 million subscribers; and (3) DirecTV Now, its new online video product with almost 800,000 subscribers. In 2011, AT&T attempted to purchase T-Mobile, but abandoned the transaction after the Department of Justice filed suit alleging that the merger violated the antitrust laws.

As of 2016, according to Time Warner, its most popular networks reach over 90 million households - of the nearly 100 million households that subscribe to traditional subscription television.

The United States' second largest wireless carrier offered to buy Time Warner in October last year to gain control of cable TV channels HBO and CNN, and film studio Warner Bros as well as a number of other coveted media assets.

Aside from the Trump administration, the deal is also opposed by an array of consumer groups and smaller television networks.

AT&T has rejected DoJ demands that it sell DirecTV or Time Warner's Turner Broadcasting - which includes news network CNN - in order to win antitrust approval.

AT&T said the lawsuit was "a radical and inexplicable departure from decades of antitrust precedent".

The company says it plans to ask the Washington court dealing with the case for the earliest possible hearing, hopefully within 60 days, as the current merger agreement expires on April 22, 2018.

Broadcom Announces 7nm IP for ASICs in Deep Learning and Networking Applications        All News        Apple Removes Skype and Other Apps in China
Facebook Messenger Gets Support for 4K Photos     Mobiles News      Android Collects Android Users' Locations Using Cell-tower Data

Get RSS feed Easy Print E-Mail this Message

Related News
AT&T to Launch Wireless Plans Bundled With Video
Verizon, Sprint, AT&T and T-Mobile To Stop Sharing Cell Phone Location Data
AT&T: Time Warner will be Renamed WarnerMedia
AT&T Closes $85 billion Deal for Time Warner
AT&T Wins Court Approval to Buy Time Warner
GSMA Delays eSIM Technology as U.S. DoJ of U.S. Probes Coordination With AT&T and Verizon
AT&T to Launch Mobile 5G in 2018
AT&T is Testing Broadband Internet Over Power Lines
Rugged Samsung Galaxy S8 Active Available at AT&T
AT&T Adds HBO to Unlimited Wireless Plan
ISPs Assure Users They Won't Take Advantage Of New Internet Privacy Landscape
Major Advertisers Boycott Youtube Advertising, At Least For Now

Most Popular News
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2018 - All rights reserved -
Privacy policy - Contact Us .