AT&T Inc.’s DirecTV and Dish Network Corp., suffering the steepest subscriber losses in the pay-TV industry, are open to a merger and both companies believe such a deal could pass muster with U.S. regulators, according to people familiar with their thinking.
The move has been expected for months, although there may still be obstacles on the road to a reunion for the two sides of the Redstone media empire.
Hank Price: The relationship between Viacom and CBS is a long and complicated one.
CBS and Viacom are gearing up to resume merger talks — and settle once and for all who will be CEO of the combined company. On Monday, the two media giants cleared a major hurdle to getting back to the negotiating table when Viacom settled a contract dispute with AT&T that had $1 billion in carriage fees hanging in the balance, sources say.
DOJ antitrust chief Makan Delrahim slots the event for May 2-3 and says the event may result in Justice changing how it looks not only at mergers, but also at spot advertising and retrans.
The D.C. Circuit Court of Appeals is allowing the huge merger between AT&T and Time Warner to stand. On Tuesday, the appellate court ruled that the government had failed to prove that the transaction valued between $85 to $105 billion that would give the nation’s largest telecom control over CNN, TBS, and TNT amounted to enhanced leverage that would harm the marketplace.
Former Democratic FCC commissioner Mignon Clyburn is advising T-Mobile and Sprint on their proposed $26 billion merger as the two companies seek regulatory approval from her former agency. She said that she sees the work as a continuation of her efforts in government to expand internet access to hard-to-reach and overlooked communities.
TVNewsCheck’s prescient editor, Harry Jessell, asks his infallible Magic 8-Ball to reveal how 2019 will unfold for various aspects of the television business, including core advertising, political advertising, retrans, mergers, FCC ownership caps, Big-4 duopolies and ATSC 3.0. He then expounds on the answers since, while all-knowing, the 8-Ball is notoriously terse.
The Justice Department’s antitrust case against AT&T reached a crescendo Wednesday as government lawyers asked an economist to explain how the telecom giant’s proposed $85 billion merger with Time Warner would lead to higher cable bills for consumers.