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Economist tells U.S. judge AT&T-Time Warner deal would harm consumers

Reuters  |  WASHINGTON 

By Diane BartzWASHINGTON (Reuters) - The U.S. Justice Department called an economist on Wednesday to testify that allowing AT&T to purchase movie and TV production company Time Warner would cost consumers hundreds of millions of dollars, as the government wrapped up efforts to convince a federal judge to halt the proposed deal.Carl Shapiro, an economics professor at the University of California at Berkeley, said the planned $85.4 billion merger would give AT&T, which owns satellite and streaming television provider DirecTV, leverage to charge more for Time Warner's Turner family of ...

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First Published: Thu, April 12 2018. 04:54 IST
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