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Time Warner

The U.S. Justice Department has informed AT&T that it will block the telecommunications giant's planned $85 billion takeover of Time Warner unless it sells off CNN — a network frequently targeted for derision by President Trump. The move has therefore triggered concerns within CNN that the administration is taking action against a media outfit simply because it has angered the president with its coverage, raising First Amendment implications.

When AT&T, a leading Internet provider, proposed a massive merger with Time Warner, a huge media conglomerate, the question many people asked was: Will I have to pay more for my TV?

On Wednesday, members of the Senate Judiciary Committee quizzed the CEOs of the two companies — over and over posing basically the same question: What will the $85.4 billion merger mean for the prices that consumers may have to pay?

Senate Panel Hearing Weighs AT&T -Time Warner Merger Proposal

Dec 7, 2016
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Nancy Marshall-Genzer

The Senate Judiciary Committee holds a hearing on Wednesday on the proposed merger of AT&T and Time Warner. The deal is worth about $85 billion. President-elect Donald Trump attacked it on the campaign trail. Now his administration will likely decide its fate. 

Click the above audio player to hear the full story. 

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