An AT&T-Time Warner merger would cost consumers $571 million every single year
The US Department of Justice and AT&T are currently slugging it out in court over whether or not the cable giant should be allowed to acquire Time Warner, the media giant that owns HBO and CNN, among other channels. The government is arguing that AT&T would "weaponize" its content holdings to take subscribers from other cable companies and prevent the growth of streaming services. AT&T, shockingly, is saying the opposite.
Up until this point, the government has been calling on a relatively abstract notion of consumer harm to make its case. But according to the LA Times, an economist acting as a government witness has come up with some very specific figures: $571 million per year by 2021 in additional fees to consumers if the acquisition is allowed to go ahead.
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An AT&T-Time Warner merger would cost consumers $571 million every single year originally appeared on BGR.com on Thu, 12 Apr 2018 at 19:22:43 EDT. Please see our terms for use of feeds.