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AT&T's Time Warner Takeover Has Already Reshaped Media World
AppleMagazine
|March 01, 2019
A federal appeals court upheld AT&T’s $81 billion takeover of Time Warner, approving one of the biggest media deals on record in the face of opposition from the Trump administration.
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The combination of one of the country’s largest wireless carriers and TV providers with a major TV and movie company has already reshaped the media landscape.
A look back at the deal, the pushback from the government and its future implications:
WHAT PROMPTED THE DEAL?
Traditional, live TV is shrinking in importance. Streaming video like Netflix has exploded in popularity. And AT&T, which has its cellphone business and also owns DirecTV, wanted to marry popular video with its ability to deliver to homes and phones.
Time Warner, now known as WarnerMedia, owns popular channels including HBO, CNN, TNT and TBS, plus Warner Bros. movies such as the Harry Potter and DC Comics superhero franchises.
WHY DID THE GOVERNMENT SUE?
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