AT&T wants to prove that Trump is putting the kibosh on the big Time Warner merger
AT&T is trying to prove that President Trump personally intervened to stop a proposed merger with Time Warner, Bloomberg reported Wednesday. AT&T reportedly believes there are documents tracing correspondence between the White House and Justice Department that could prove Trump wanted the $85 billion merger killed.
Last November, the DOJ announced that it would initiate an antitrust lawsuit to block the merger between AT&T and Time Warner, claiming the deal would "substantially lessen competition." When news of the suit surfaced, The New York Times reported that the DOJ had insinuated the deal would be approved if Time Warner sold off Turner Broadcasting — which owns the president's least favorite news network, CNN.
Various sources within AT&T and Time Warner told Vanity Fair that the demand for Time Warner to shed Turner Broadcasting, and CNN by proxy, reeked of politics. The antitrust lawsuit is set to begin in March, and Bloomberg says that AT&T is also hoping to get the head attorney for the DOJ's antitrust division to testify.
Subscribe to The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.
Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
As a presidential candidate, Trump expressed his opposition to the AT&T and Time Warner merger, saying that it would result in "too much concentration of power in the hands of too few." Bloomberg notes that the White House has long denied allegations that their opposition to the sale is politically motivated. Both the Justice Department and AT&T declined to comment on Bloomberg's story.
Sign up for Today's Best Articles in your inbox
A free daily email with the biggest news stories of the day – and the best features from TheWeek.com
Kelly O'Meara Morales is a staff writer at The Week. He graduated from Sarah Lawrence College and studied Middle Eastern history and nonfiction writing amongst other esoteric subjects. When not compulsively checking Twitter, he writes and records music, subsists on tacos, and watches basketball.
-
7 beautiful towns to visit in Switzerland during the holidays
The Week Recommends Find bliss in these charming Swiss locales that blend the traditional with the modern
By Catherine Garcia, The Week US Published
-
The Week contest: Werewolf bill
Puzzles and Quizzes
By The Week US Published
-
'This needs to be a bigger deal'
Instant Opinion Opinion, comment and editorials of the day
By Justin Klawans, The Week US Published
-
US charges Indian tycoon with bribery, fraud
Speed Read Indian billionaire Gautam Adani has been indicted by US prosecutors for his role in a $265 million scheme to secure solar energy deals
By Peter Weber, The Week US Published
-
Boeing machinists approve contract, end strike
Speed Read The company's largest union approved the new contract offer, ending a seven-week strike
By Peter Weber, The Week US Published
-
US economy still strong in final preelection report
Speed Read It grew at a solid 2.8% annual rate from July through September
By Peter Weber, The Week US Published
-
Boeing machinists reject deal, continue strike
Speed Read The rejection came the same day Boeing reported a $6.2 billion quarterly loss
By Peter Weber, The Week US Published
-
Ports reopen after dockworkers halt strike
Speed Read The 36 ports that closed this week, from Maine to Texas, will start reopening today
By Peter Weber, The Week US Published
-
Empty-nest boomers aren't selling their big homes
Speed Read Most Americans 60 and older do not intend to move, according to a recent survey
By Peter Weber, The Week US Published
-
Brazil accuses Musk of 'disinformation campaign'
Speed Read A Brazilian Supreme Court judge has opened an inquiry into Elon Musk and X
By Rafi Schwartz, The Week US Published
-
Disney board fends off Peltz infiltration bid
Speed Read Disney CEO Bob Iger has defeated activist investor Nelson Peltz in a contentious proxy battle
By Rafi Schwartz, The Week US Published