Statement by Christopher Ruddy, CEO of Newsmax Media on AT&T Merger:

While the AT&T merger raised some legitimate questions of media concentration, the opinion of the federal judge today should put the matter to rest. AT&T will also be a good custodian of CNN. The AT&T merger pales in comparison to the Sinclair-Tribune merger, which effectively guts network ownership caps and will allow for the most massive concentration of broadcasting power in history. The FCC’s and DOJ’s unusual green lighting of the Sinclair deal is completely inconsistent with the government’s opposition to the AT&T deal and raises questions about fairness and political favoritism.