Oct. 24, 2016
Antitrust Regulators Should Reject AT&T and Time Warner Merger
Statement of Robert Weissman, President, Public Citizen
Note: On Saturday, telecommunications giant AT&T announced an $85 billion bid to buy Time Warner.
When merger authorities get the call from AT&T asking for approval of its proposed Time Warner acquisition, they should slam down the phone in disgust. It aims to concentrate far too much market, communications and political power in one corporation, threatening to impede the free flow of information, undermine the integrity of the Internet, raise consumer prices and further corrupt our politics. This is not a proposal that can be fixed with tweaks, divestitures or conduct agreements. Antitrust authorities should reject this merger proposal out of hand.