Ability to prove their case. The attorney general for the antitrust Division Last week gave a speech outlining his slews. In it he said he said the behavioral remedies were largely ineffective measures that said, so as far as not a single state attorney general has decided to join this case, and at t said said in a statement, quote, its a rad canned a inexplicable depar. Vertical mergers like this one are routinely approve, because they benefit consumers without removing any competitor from the market we see no legitimate reason for our merger to be treated differently. Now at t and time warner will be holding their own press conference in about po minutes, melissa. Do we have any color as to the actual basis of the lawsuit . What they say is its all about the consumer this deal in particular would harm the consumer, would raise prices on the consumer, limit the amount of content they have access to as a result of this deal they are using the same principles that are oftentimes used in
Sued to be blocked by the Justice Departments antitrust division, having an affect on Corporate America and pending deals. Including our own attempts to sell assets, what it would mean in terms of antitrust, all those deals right now are being recalculated and looked at. Whether these if the Justice Department is not allowing this one to go through, everyone thought it was a slamdunk from antitrust stand point. Would they allow disney to buy foxs studios. They would controls large portion of box office. And comcast to buy content. Will thig they allow verizon toy our content, because they have distribution. It looks like the Justice Department is taking another view of the antitrust. Another aspect. Crazy political cob, donald trump as candidate one said he wanted a spinoff of cnn if this deal of the going through, he said it was too much construction of power, people thought it was a idle threat, but senior aides were actually discussing this topic. By current senior adviser. And othe
If you are here in the room, raise your hand and we will get you a microphone. If you are listening on the thenrence, just press star one. If you are listening or watching on the web classed webcast, click the ask a question but very with us is randall stephenson, the chairman and ceo of at t, david mcafee, at t general counsel, and a partner and our lead trial counsel for at t and time warner. Randall . Thank you and good evening. I appreciate everybody coming on short notice. What you are going to hear it are comments from our legal team. I want to make a few points. Obviously, we are surprised to be here. Candidly, i am a bit troubled. Jeff and i entered into this deal with decades of clear legal president demonstrating how this merger would be evaluated. When we announced this deal, the best legal minds in this country agreed that this transaction would be approved since our company do not compete. But, here we are. The government has filed a it stretches the very reach of antitrus
Horseback given warning and then they moved in. They set upon those marchers. Those are the similarities that occurred to me. Im struck by the fact that as i look at the crowds behind you, i see young faces and many of those young people were not born when the events that were talking about 50 years ago happened, and robert youve been working the crowd tony, youve been working the crowd. Do they understand what happened 50 years ago today . Robert . I think they do. I absolutely do. But as we heard the elder civil rights leaders say in the past two days some of the two guys ive talked to, they still dont think that the education is high enough. Meaning when these kids go to school are they really learning enough about the historical nature of the past 50 years and the Civil Rights Movement. The answer to that is no. Correct. We learn about moments. Yes. Like this, which is wonderful, but do we really know the full story. The other thing del, i would add to that is that for a lot of you
At t says its preparing a response to the rare legal challenge. Is the 85 billion merger in jeopardy . And speaking out. As an accuser goes public with her allegation that Republican Senate candidate roy moore sexually abused her as a teenager, the white house says the president wants senators who support his agenda. Whats the administrations message . Wolf blitzer is off. Im jim acosta. Youre in the situation room. This is cnn breaking news. Breaking news. The Justice Department is set to sue to block at ts takeover of time warner, the Parent Company of cnn. The lawsuit is an unusual challenge to the 85 billion merger which was announced a year ago. At t calls it, quote, a radical and inexplicable departure from decades of antitrust precedent. Were standing by for a News Conference by the two companies. Meanwhile, another major headline tonight. President trump steps up the pressure on north korea, putting it back on the u. S. List of countries that sponsor terrorism. The president sa