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Time Mag - Time Warner;
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2017; 2018;
-- 2016 --
October 21: Report: AT&T in talks to buy
Time Warner
http://money.cnn.com/2016/10/21/media/time-warner-att-merger-talks/index.html
October 21: Why AT&T’s merger with Time
Warner is such a huge deal
https://www.washingtonpost.com/news/the-switch/wp/2016/10/21/att-could-soon-own-almost-everything-from-hbo-to-cnn-to-dc-comics/?utm_term=.d72389f759e5
October 23:
AT&T Agrees to Buy Time Warner for $85.4 Billion - The New York
Times
The telecommunications giant agreed on Saturday to buy Time Warner, the
home of HBO and CNN, for about $85.4 billion, creating a new colossus capable of
both producing content and distributing it to millions with wireless
https://www.nytimes.com/2016/10/23/business/dealbook/att-agrees-to-buy-time-warner-for-more-than-80-billion.html?mtrref=www.google.com&gwh=3A41FB458DBEFB10219C65DA4AB7A684&gwt=pay
October 25: It takes a particularly
complicated type of merger to unite Hillary Clinton, Donald Trump, and Wall
Street in their skepticism of it ... Donald Trump,
addressing a crowd in Gettysburg, said his administration would not approve
[the merger deal between AT&T and Time Warner] because “it’s too much
concentration of power in the hands of too few.”
[See more at November 10, 2017]
https://www.theatlantic.com/business/archive/2016/10/att-time-warner-boo-hiss/505367/
-- 2017 --
January 18: Trump changes tune on AT&T-Time
Warner merger
Donald Trump backtracked on
his promise to block AT&T's proposed $86 billion takeover of Time Warner,
during an interview with Axios in which the President-Elect is beginning to
recognize the complexities of his new job.
https://www.axios.com/trump-changes-tune-on-att-time-warner-merger-1513299986-8508ce36-2199-47c5-9943-a85ca0b5e599.html
November 20:
November 20: Why the Trump Administration Is
Suing to Block the AT&T–Time Warner Merger ...
There are two starkly different explanations for the Justice Department’s
motives. The first is that a merger between two powerful media companies
deserves to be blocked, since it provides an obvious temptation for
anticompetitive practices.
But the second explanation ... argues that the Justice Department is acting
purely on President Donald Trump’s behalf to punish CNN, which is owned by Time
Warner ...
https://www.theatlantic.com/business/archive/2017/11/trump-att-time-warner/546443/
November 21: The U.S. lawsuit to stop AT&T
Inc.’s takeover of Time Warner Inc. has sparked accusations that the Justice
Department, driven by political meddling from the Trump White House, is pursuing
a risky case that it’s bound to lose.
https://www.bloomberg.com/news/articles/2017-11-21/at-t-lawsuit-over-time-warner-shows-tough-u-s-turn-on-antitrust
December 6: 8 antitrust experts on what
Trump’s war on CNN means for the AT&T–Time Warner merger ... “There’s no
question that AT&T will use those comments in its defense.”
https://www.vox.com/policy-and-politics/2017/12/6/16730874/att-time-warner-cnn-trump-antitrust
December 12: Former Trump campaign adviser Carter
Page argued in court papers on Tuesday that AT&T Inc (T.N)
should not be permitted to buy CNN parent Time Warner Inc (TWX.N)
because there was a risk it would lead to “recklessness” in journalism.
Late on Tuesday, the court appeared to dismiss his opinion, saying in a brief
filing that “Dr. Page’s submission does not appear to be meaningfully relevant
to the issues in this case.”
https://www.reuters.com/article/us-time-warner-m-a-at-t-carterpage/ex-trump-aide-carter-page-tells-court-to-stop-att-time-warner-deal-idUSKBN1E632T
December 20: Republicans passed their first
major piece of legislation under president Donald Trump today (Dec. 20), a tax
bill that
slashes corporate tax rates and
favors the wealthy.
In honor of the occasion,
AT&T said it would
spend $1.2 billion on US investments and one-time bonuses to employees.
https://qz.com/1162257/tax-reform-2017-will-att-make-trump-happy-enough-to-get-their-time-warner-deal-done/
December 20: Trump Touts AT&T Bonuses Amid
Dispute Over Time Warner Deal
https://www.usnews.com/news/economy/articles/2017-12-20/trump-touts-at-t-bonuses-amid-dispute-over-time-warner-deal
December 21: AT&T gets in Trump's good
graces after praising tax bill as legal showdown over Time Warner bid looms
The president ... singled out AT&T's decision to increase capital spending in
the U.S. and provide employee bonuses. "And that's because of what we did. So
that's pretty good," Trump said.
http://www.latimes.com/business/hollywood/la-fi-ct-att-trump-20171221-story.html
-- 2018 --
February 5: Trump's crackdown on AT&T-Time
Warner is infuriating big media — to the benefit of Amazon, Netflix and others
The Justice Department's decision to sue to block the $85 billion acquisition of
Time Warner by
AT&T has clogged up the future of the legacy media business as
executives wait to see what's possible — and what isn't — in a Trump
administration.
https://www.cnbc.com/2018/02/05/trump-delay-att-time-warner-approval-stalled-big-media-helps-netflix-amazon.html
March 9:
Former DOJ Officials Ask for Inquiry Into Trump Interference in
AT&T-Time Warner Case
https://variety.com/2018/politics/news/trump-interference-att-time-warner-antitrust-suit-cnn-1202722588/
June 12:
Federal judge clears AT&T's bid for Time Warner with no
conditions
Assistant Attorney General Makan Delrahim said the
Justice Department was
disappointed with the decision.
"We continue to believe that the pay-TV market will be less competitive and less
innovative as a result of the proposed merger between AT&T and Time Warner. We
will closely review the Court's opinion and consider next steps in light of our
commitment to preserving competition for the benefit of American consumers,"
Delrahim said in a statement.
The outcome of the trial could spur a wave of deals
in the telecom and media industries, as well as clear the way for future
vertical mergers, where a company buys its supplier.
https://www.cnbc.com/2018/06/12/att-time-warner-ruling.html
June 12: Aiming at AT&T and Time Warner,
Trump shot from the hip and missed
https://www.washingtonpost.com/news/the-fix/wp/2018/06/12/aiming-at-att-and-time-warner-trump-shot-from-the-hip-and-missed/?utm_term=.8dd20dc1f1f9
June 15: AT&T Completes Acquisition of Time
Warner Inc.
http://about.att.com/story/att_completes_acquisition_of_time_warner_inc.html
August 27:
Inspector General: Trump Queried FCC’s Ajit Pai on ‘Legal Framework’ of
AT&T-Time Warner Merger
Just days before he took office,
President Trump met with FCC Commissioner
Ajit Pai at Trump Tower, but did not ask him any specific policy questions
or about his regulatory philosophy.
Trump was interested in the “legal framework” of the AT&T-Time Warner merger.
That is one of the details in an inspector general’s report, released on Monday,
into whether Pai showed favoritism toward
Sinclair Broadcast Group, which has ties to the Trump administration. The
report found “no evidence, nor even the suggestion, of impropriety, unscrupulous
behavior, favoritism towards Sinclair,” but it also provided some details of
Pai’s meetings with Trump and contacts with other White House officials.
At the time of the Jan. 16, 2017 meeting, Trump already had expressed his
opposition to the AT&T-Time Warner transaction. In the fall of last year, the
Justice Department sued to block the transaction, but a federal judge ruled in
favor of AT&T and Time Warner, clearing the way for the completion of the
merger. The government is appealing the decision.
https://variety.com/2018/politics/news/trump-fcc-att-time-warner-1202918456/
November
12: Democrats to examine why Trump wanted to block AT&T-Time Warner
merger: Report
According to Axios, the Democrats will investigate whether Trump's attempts to
block the AT&T-Time Warner merger was merely to 'punish' to CNN.
The Democrats also want to look into whether Trump attempted to "punish" The
Washington Post by trying to get the postmaster general to raise Amazon
postal rates, according to Axios.
https://www.zdnet.com/article/democrats-to-examine-why-trump-wanted-to-block-at-t-time-warner-merger-report/
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