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AT&T merger judge says 'no big issues' in trial preparations [telecom]

WASHINGTON (Reuters) - The U.S. judge who will decide if wireless and pay TV provider AT&T Inc may purchase Time Warner Inc said on Friday that he saw "no big issues" in pre-trial preparations.

The Justice Department has said that the $85 billion deal is illegal because AT&T, once it owned movie and television show maker Time Warner, would have the ability and incentive to raise prices that it charges cable, satellite and streaming rivals for Time Warner's content.

Reply to
Bill Horne
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FWIW, in my humble opinion this sale should not go through. Indeed, I never liked that Time Inc. and Warner Bros. merged years ago, or that Comcast owns Universal and NBC.

The dangers of very large companies are several: . too much power over the marketplace, causing prices to go up and selection to go down.

  • too much power over hiring, causing wages and working conditions to go down, and leaving workers with fewer options to change jobs.
  • too much power over purchasing, forcing suppliers to sell at tiny profits. Walmart, being the retail powerhouse, is known to do this to suppliers.
  • "too big to fail". If the company gets into trouble (more likely when it's oversized), there are so many people adversely impacted that a govt taxpayer bailout becomes necessary.
Reply to
HAncock4

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