A pending merger between CNN’s parent company, Time Warner, and AT&T is hinging on President Trump’s Justice Department, which is reportedly the only federal agency deliberating over the proposed $85 billion deal.
Reportedly, Sen. Susan Collins (R-Maine) recently wrote a letter to acting assistant attorney general Andrew Finch, stating that she thinks the merger could have a “significant, negative impact on competition and innovation.”
Collins further advised the DOJ to look carefully at its “potential impact on consumers and competition,” explaining that the merger could “create an opportunity” for AT&T to “favor HBO in marketing and packaging of premium content to its customers, discriminating against competitors.”
She added that “consumer choice” could suffer in favor of AT&T’s new “in-house brand.”
Noting that AT&T also owns DirecTV, content costs to competitors like Dish would likely rise, making consumers the big losers in this scenario, Collins warned.
Totally ignoring the risks listed above, the liberal media is focused on President Trump’s current adversarial relationship with CNN. Some outlets are actually claiming that “unnamed Trump aides” have said the president might hold his negative relationship over Time Warner and threaten to kill the merger if CNN doesn’t ease up with the ugly reporting.
Even Democratic Senators Bernie Sanders, Al Franken, Elizabeth Warren, Richard Blumenthal, Maria Cantwell, and Cory Booker have expressed their concerns about the merger hurting consumers in a letter to the Justice Department. So, if the merger doesn’t happen, it’s not likely that Trump’s war with CNN will have anything to do with it.
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