Gene Maddaus Senior Media WriterThe merger of AT&T’s WarnerMedia division with Discovery is the first major media combination of the Biden era, and could give an indication of where the new administration is headed on antitrust issues.The Department of Justice will have to consider whether the horizontal merger of streaming and cable assets is bad for consumers.
Though a Democratic administration is likely to take a slightly dimmer view of market consolidation, several experts consulted by Variety on Monday said they expected the administration will ultimately approve the deal.“I think this is unlikely to undergo any kind of a serious challenge,” said Sonny Allison, a partner at Perkins Coie.
Read more on variety.com
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