Gene Maddaus-Senior Department president experts and Gene Maddaus-Senior

WarnerMedia and Discovery Are Creating a Media Giant. Do Regulators Care?

Reading now: 723
variety.com

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
The website starsalert.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.

Related News

DMCA