Drudge Retort: The Other Side of the News
Wednesday, November 08, 2017

Time Warner shares were down 6 percent Wednesday after the Justice Department demanded that CNN's parent be sold before a merger with AT&T can be approved. CNBC confirmed the Justice Department's demand that Turner Broadcasting or DirecTV be sold before approval of the $85 billion merger. ... [AT&T CFO John] Stephens noted the AT&T acquisition of Time Warner is a "vertical integration" merger across industries. He cited how the government has not blocked a "vertical" deal in more than 40 years. AT&T announced an agreement to acquire Time Warner in October 2016 for a cash and stock deal valued at more than $85 billion.

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Smells like a personal vendetta on behalf of trump.

#1 | Posted by IndianaJones at 2017-11-08 05:07 PM | Reply | Newsworthy 4

This one is weird. Plenty of valid reasons to prevent high level media consolidation pursuing a monopoly, but damn right it smells like a vendetta. If TW has balls, they'll sue the DOJ and demand the communications between them and the White House.

#2 | Posted by sitzkrieg at 2017-11-08 05:26 PM | Reply

Maybe not all that vindictive:

"The other possible way for the merger to win approval would be for AT&T to sell its DirecTV division, two of these people added." from another article on it.

#3 | Posted by sitzkrieg at 2017-11-08 05:50 PM | Reply

I know some of the Anti-Trust lawyers that have been working on this before the Oct 22, 2016 announcement and they say that this was always on the table due to Cross-Media ownership rules.

Smells like a personal vendetta on behalf of trump.

#1 | POSTED BY INDIANAJONES AT 2017-11-08 05:07 PM

Didn't realize that Trump also hated the CW, HLN, NBA TV, TBS, TNT, TruTV, Turner Classic Movies and all the other Turner Broadcasting Properties...

Do you ever get tired of parroting the Talking Point of the Day that TalkingHuffMediaDailyThinkPointsPoMattersProgressMemo tells you?

#4 | Posted by Rightocenter at 2017-11-08 06:05 PM | Reply

Trump said he wouldn't let the merger go through during the campaign. Hey, it's fine with me but it is a vendetta.

#5 | Posted by danni at 2017-11-09 07:20 AM | Reply | Newsworthy 1

Smells like a personal vendetta on behalf of trump.

#1 | POSTED BY INDIANAJONES

Funny. Next thing you know, you'll claim he went after the NFL after losing millions in an investment on the USFL trying to compete with the NFL...

#6 | Posted by Sycophant at 2017-11-09 10:51 AM | Reply | Newsworthy 1

This one is weird. Plenty of valid reasons to prevent high level media consolidation pursuing a monopoly

#2 | Posted by sitzkrieg

Then I'm sure you're upset about the FCC allowing the consolidation of conservative sinclair media aren't you?

www.politico.com
How Trump's FCC aided Sinclair's expansion

But you'll still support their side.

#7 | Posted by SpeakSoftly at 2017-11-09 12:06 PM | Reply

But you'll still

#7 | POSTED BY SPEAKSOFTLY AT 2017-11-09 12:06 PM | REPLY

What psychic hotline do you work at?

#8 | Posted by sitzkrieg at 2017-11-09 12:49 PM | Reply

What psychic hotline do you work at?

#8 | Posted by sitzkrieg

YOu don't need to be a psychic to know that a sucker who spends all day defending republicans votes for them.

#9 | Posted by SpeakSoftly at 2017-11-09 02:07 PM | Reply

#9 | POSTED BY SPEAKSOFTLY AT 2017-11-09 02:07 PM | FLAG:

You couldn't be more wrong if you tried. You know what they say about assumptions.

#10 | Posted by sitzkrieg at 2017-11-09 02:34 PM | Reply

"The other possible way for the merger to win approval would be for AT&T to sell its DirecTV division, two of these people added." from another article on it.
#3 | Posted by sitzkrieg

Which makes no sense. There is no reason that I can see that selling DirectTV would change the CNN bit.

I think for the most part selling DirectTV will be a good move for ATT in the near future. They plan on rolling out 5G soon and streaming TV services over that. It will kill Uverse or be Uverse 2.0 and make DirectTV virtually irrelevant. ATT's plans for entertainment make no sense to me. They are all over the place.

One thing for sure though is that all the big players are merging delivery services with content generation. It is rampant and a huge issue. Content generation companies have got way too big and control way too big of market segments. I REALLY don't like that path things are going in this area.

#11 | Posted by GalaxiePete at 2017-11-09 04:31 PM | Reply

AT&T is trying to ram DirecTV down my throat, through my cell phone. It's kind of annoying. Bundles here are useless anyways, we have fiber to the house, 1gb up & down.

#12 | Posted by sitzkrieg at 2017-11-09 05:24 PM | Reply

#4 | POSTED BY RIGHTOCENTER

Have you ever read an actual article on this site? Even the AT&T CEO said it was about CNN.

#13 | Posted by IndianaJones at 2017-11-09 06:41 PM | Reply

Have you ever read an actual article on this site? Even the AT&T CEO said it was about CNN.

Did you even bother to comprehend what both this article and the linked article said?

DOJ told ATT to divest either DirectTV or Turner Broadcasting: "CNBC confirmed the Justice Department's demand that Turner Broadcasting or DirecTV be sold before approval of the $85 billion merger."

DOJ "sources" told NBC that AT&T offered to sell CNN as a stand alone to solve the impasse: "DOJ sources told NBC News AT&T offered selling CNN during a meeting on Monday regarding the proposed merger."

DOJ Antitrust rejects that purported offer, since it doesn't solve the ant-competition issue: "The DOJ's Antitrust Division "flatly rejected it" because it would not solve potential anti-competition issues. Justice Department officials told NBC News there are multiple ways to solve issues regarding the AT&T-Time Warner deal, but selling CNN would not resolve concerns."

Stephens then denies that he offered to sell CNN as a stand alone: "Until now, we've never commented on our discussions with the DOJ," Stephenson said in a statement. "But given DOJ's statement this afternoon, it's important to set the record straight. Throughout this process, I have never offered to sell CNN and have no intention of doing so."

That's it. The Talking Heads are saying it is about CNN, not Stephens, not the DOJ.

#14 | Posted by Rightocenter at 2017-11-09 07:08 PM | Reply

Time Warner is a content creator, Turner Broadcasting is a content creator. Sure it's vertical integration but AT&T is already vertically integrated into content creation.

What I find odd is that selling DirectTV could be a fix for them. That would still leave AT&T controlling content from both Turner and TW.

#15 | Posted by TaoWarrior at 2017-11-09 07:51 PM | Reply

Seems to me Standard Oil pre-breakup was a fine example of the dangers of vertical integration.

#16 | Posted by jrod54 at 2017-11-09 09:18 PM | Reply

What I find odd is that selling DirectTV could be a fix for them. That would still leave AT&T controlling content from both Turner and TW.

Talked to an ATT tech when he was fixin my DSL line. He said ATT got Direct TV only because they had a whole bunch of contracts from various content providers.

They knew it would be a money loser with all the streaming of TV through the Internet. But now they have access to all sorts of content.

Looks like they are tryin to control even more content.

CNN might be sold anyways just so they can get their hands on the TW library.

#17 | Posted by Pegasus at 2017-11-10 11:27 AM | Reply

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