Why is AT&T trying to buy Time Warner? [telecom]

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By Eric Johnson

By next week, closing arguments will take place to see if one of the biggest media mergers in history will go through. More than two years ago, AT&T approached Time Warner about an $85 billion deal to buy its channels, which include CNN, HBO and TNT.

But the Justice Department sued to block the deal, and the case will wrap up over the next month or so.