AT&T and Time Warner Plan to Sidestep FCC in Merger Deal
AT&T is planning to purchase Time Warner which owns several cable networks including CNN & HBO, but will sidestep FCC approval to do so. AT&T is the world’s largest provider of paid television services, with both its U-Verse and DirecTV platforms. Yet, its CEO Randall Stephenson claims that they are too small of a player in the industry to negatively affect pricing for consumers. Announced in October, the $85 billion acquisition aims to, “disrupt the entrenched pay-TV models,” according to Stephenson. He argues that by bringing networks under the AT&T umbrella, it will allow them to offer customers more al-a-cart...
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