They still would need Justice Department approval of the $85 billion deal.
by Marguerite Reardon
AT&T and Time Warner may have found a smoother path toward their proposed $85 billion merger: going around the Federal Communications Commission.
In a document filed late Thursday with the Securities and Exchange Commission, the two companies said they don't plan to transfer any of Time Warner's FCC's licenses to AT&T once the deal closes. That could allow them to bypass an FCC review of the megamerger.