AT&T CEO Dismisses Democrats’ Antitrust Concerns About WarnerMedia-Discovery Merger as ‘Unfounded’
Todd Spangler NY Digital EditorJohn Stankey, CEO of AT&T, said an effort by Democratic leaders in Congress to characterize the proposed merger of WarnerMedia and Discovery as an anticompetitive threat to the media industry was “unfounded.”“What is articulated in those letters is really unfounded,” said Stankey, speaking Monday at UBS’s Global TMT Conference, referring to a communication from several Democratic senators and representatives to the Justice Department urging scrutiny of the WarnerMedia-Discovery deal.Stankey said the “foundation of their concerns” expressed in the letter is “not very strong” and said he isn’t worried about AT&T’s ability in “navigating through that.”“Getting letters from Congress is not unusual,” Stankey