Justice Department Appeals Time Warner-AT&T Merger Approval (cnbc.com)
The Justice Department will appeal the AT&T-Time Warner merger approval, according to a court document filed Thursday. In one of the largest U.S. antitrust cases in decades, U.S. District Judge Richard Leon ruled last month that the merger could go on despite the government's resistance. The feds did not seek a stay that would have prevented the merger from taking place, and AT&T and Time Warner closed the deal directly after Leon's ruling.
...for AOL to swoop back in and buy the combined entity.
They had their day in court. They lost (and the judge made it pretty clear that any appeal would likely fail). Time to move on.
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The government argued that the deal would make the pay-TV market "less competitive and less innovative."
I would love to see this merger undone but I'm not actually that worried about the competitive market for film and TV. AT&T has Netflix, Amazon, YouTube, and Disney/Fox to compete against. Even with the recent changes to HBO I expect that most the talent will switch to one of these other companies. Remember, after the merger, they're charging $5 more for DirectTV so that it now costs $35/mo. That's not exactly a competitive price. This merger may be just as damaging to consumers as the AOL/Time Warner merger was.
I do worry about them prioritizing their media through their internet network. Still, i don't think an appeal will happen because the judge didn't set any conditions for them to violate.
right as they're about to get another pro-corporate justice who's likely to side with AT&T...
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There's a large difference between anti-trust actions and thinking the FCC has the authority to institute NN.
Especially since Kavanaugh's NN jursiprudence explicitly doesn't apply in areas where there is only one significant class of cable operator.
What would happen if the appeal stuck? Is it really so simple to unwind a merger like that? Would the redivested company even resemble the original Time Warner? Or would it be gutted and auctioned off piecemeal?
inb4 someone complains that AT&T now has a networks monopoly
(This is what's left of Time Warner the media company, not Time Warner the cable company.)
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This creates a monopoly and needs to be reviewed.