AT&T is in the process of buying Time Warner. Not the cable company that was sold to Charter a few years ago, but the parent company behind CNN, TNT, and HBO.
Back in December the Department of Justice sued to block the merger on antitrust grounds. AT&T’s deal to buy Time Warner is an $85.4 billion deal in cash and stock. This has raised the question on if this is good or bad for cord cutters. So I decided to take some time and think about if this is good or bad for cord cutters.
Here are my thoughts on if the AT&T Time Warner merger will be good for cord cutters.
Exactly what the Department of Justice is asking AT&T to do to get approval for the merger is still unknown, but AT&T has made it clear they have no plans to sell off any part of Time Warner to close this deal. We will likely learn a lot more in the next few days as the trial gets underway.
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