Tags: elizabeth warren | doj | block | att | time warner | merger

Sen. Elizabeth Warren Backs DOJ in Blocking AT&T-Time Warner Merger

Image: Sen. Elizabeth Warren Backs DOJ in Blocking AT&T-Time Warner Merger
(AP)

By    |   Wednesday, 06 December 2017 12:45 PM

Sen. Elizabeth Warren, D-Mass., said she supports the Justice Department in blocking AT&T's merger with Time Warner, saying in a Wednesday speech that the deal poses a threat to competition.

"By bringing together one of the nation's leading content distributors and one of the world's largest TV entertainment companies, this merger invites higher prices, fewer choices, and worse service for consumers," Warren said at an Open Markets Institute speech in Washington, D.C., according to The Hill. 

The Justice Department in November sued to block AT&T's planned acquisition of Time Warner. The U.S. government on Wednesday urged a federal judge to block the February court date that the firms sought.

The senator also criticized the Justice Department's move to block the merger.

"The president's attacks on our free press have cast a cloud of suspicion over the decision to block the merger. It's essential that the courts and the public approach this case as they would any other — based on the law and the facts, and not on President (Donald) Trump's repeated efforts to punish his enemies," Warren said.

Warren also took aim at Makan Delrahim, the DOJ's antitrust division chief.

"I'll be honest; I'm deeply worried about the antitrust division under President Trump. While DOJ's action on the AT&T-Time Warner merger is a good step, one case alone does not prove that DOJ will be the strong antitrust enforcer that America needs," Warren said.

AT&T's CFO John Stephens said Wednesday that he remains confident in the merger deal.

"We continue to feel strongly about the consumer benefits of the deal," Stephens said, according to Deadline. 

© 2018 Newsmax. All rights reserved.

   
1Like our page
2Share
Politics
Sen. Elizabeth Warren, D-Mass., said she supports the Justice Department in blocking AT&T's merger with Time Warner, saying in a Wednesday speech that the deal poses a threat to competition.
elizabeth warren, doj, block, att, time warner, merger
265
2017-45-06
Wednesday, 06 December 2017 12:45 PM
Newsmax Inc.
 

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
America's News Page
© Newsmax Media, Inc.
All Rights Reserved