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Judge approves merger of AT&T and Time Warner

Image Source: MGN
Image Source: MGN(KALB)
Published: Jun. 12, 2018 at 10:55 PM CDT
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A federal judge has approved the $85 billion mega-merger of AT&T and Time Warner, potentially ushering in a wave of media consolidation while shaping how much consumers pay for streaming TV and movies.

U.S. District Judge Richard Leon green-lit the merger without imposing major conditions as some experts had expected. The Trump Justice Department had sued to block the $85 billion merger, arguing it would hurt competition in cable and satellite TV and jack up costs to consumers for streaming TV and movies.

Now, the phone and pay-TV giant AT&T will be allowed to absorb the owner of CNN, HBO, the Warner Bros. movie studio, "Game of Thrones," coveted sports programming and other "must-see" shows.

The Justice Department could appeal the ruling, although it said only that it is considering its options.

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