Any day now, the Department of Justice will announce whether the AT&T-Time Warner mega-merger will be permitted.
Less competition and higher costs will be the result.
Source: The merger between AT&T and Time Warner is a raw deal for the rest of us
People walk past an AT&T store in New York on October 23, 2016.
AT&T unveiled a mega-deal for Time Warner that would transform the telecom giant into a media-entertainment powerhouse positioned for a sector facing major technology changes. The stock-and-cash deal is valued at $108.7 billion including debt, and gives a value of $84.5 billion to Time Warner -- a major name in the sector that includes the Warner Bros. studios in Hollywood and an array of TV assets such as HBO and CNN. / AFP / KENA BETANCUR (Photo credit should read KENA BETANCUR/AFP/Getty Images)
The merger between AT&T and Time Warner is a raw deal for the rest of us
