You are here: Home » Reuters » News
Business Standard

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 ...

This article is no longer available in our repository.

There could be multiple reasons for this.

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