A PYMNTS Company

US: AT&T, Time Warner CEOs expected to take the stand this week

By  |  April 16, 2018

AT&T chief executive officer Randall Stephenson and Time Warner chief executive officer Jeff Bewkes are expected to testify this week in the companies’ antitrust battle with the government.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    The Dallas-based telecom is trying to acquire the New York media and entertainment company in a deal that’s valued at nearly US$109 billion, including debt. The merger would turn AT&T into a media powerhouse by combining its wireless, cable and satellite businesses with Time Warner’s TV and movie content, including CNN, HBO and Warner Bros. Studios.

    The Justice Department sued to block the merger, saying AT&T would use Time Warner programming as “a weapon” to drive up rates for TV competitors and ultimately, raise prices for consumers.

    Full Content: New York Times

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.