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Justice Department Pushes Courts for Action On AT&T Appeal

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Jul 19, 2018, 7:16 AM   by Eric M. Zeman   @zeman_e

The Justice Department has asked the D.C. Circuit Court of Appeals to prioritize its appeal against last month's decision regarding AT&T's acquisition of Time Warner. A single judge ruled in AT&T's favor after the Justice Department sued over the acquisition. AT&T completed the acquisition within days of the decision, but that didn't stop the Justice Department from filing an appeal. Though AT&T completed its purchase of Time Warner, it is holding off on finalizing its acquisition of Turner Networks, which owns CNN, HLN, TBS, TNT, and others, until February 2019. The Justice Department suggests that any delay in the court system will make it more difficult for the companies to disengage from one another should the appeal be successful. The Justice Department argues that the judge who presided over the case ignored "fundamental economic principles" when making his decision. It went on to suggest that AT&T will hold new power over rivals to negotiate contracts for Time Warner's content that will in the end lead to higher prices for consumers. AT&T said it was "surprised" by the Justice Department's plan to appeal.

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Comments

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Mark_S

Jul 19, 2018, 9:46 AM

AT&T Appeal

Remember "merger-mania" in the early 2000's????
There needs to be more oversight.
Jaden10

Jul 19, 2018, 8:01 AM

So what?

You risk that with every merger. That's why you have stipulations that must be followed.
 
 
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