Federal Judge Clears AT&T-Time Warner Merger

Credit: Newsy Studio
Published on June 12, 2018 - Duration: 00:38s

Federal Judge Clears AT&T-Time Warner Merger

A federal judge just gave the go-ahead for AT&T to buy Time Warner, a deal that will further consolidate media ownership.

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Federal Judge Clears AT&T-Time Warner Merger

A federal judge has given the green light for AT&T to buy Time Warner.

That could have far-reaching implications in an industry that's about to be controlled by one fewer company.

The Justice Department hadΒ  sued to try to stop Β the merger, saying AT&T could theoretically charge competing companies more money to carry Time Warner content like CNN or HBO.

AT&T said it won't do that, since it wants its content to get wide distribution.

Once the merger is complete, AT&TΒ  will have control over Β its wireless company, satellite TV provider DirecTV and the Warner Bros.

Movie studios, which churn out major franchises.Β 

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