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
Announcer at t officials held a News Conference following the announcement that the Justice Department filed a lawsuit to block a proposed merger between at t and time warner. From new york city, this is when he five minutes. 25 minutes. Good afternoon. My name is larry solomon with at t. We have reporters in the room and more than 500 listening on the webcam. Well have prepared remarks from our speakers then we will open up to questions. Are listening on the conference bridge, press star and one and we will get you in for questions. If youre listening or watching on the webcast, click the submit question that man in the upper righthand side. With us this evening, randall stephenson, chairman and ceo of at t. David mcafee, at t general petrocelli, an partner at malvern he admires and our lead trial counsel for time warner. Thank you. Good evening. Appreciate everybody coming on this short notice. A few points. Obviously, we are surprised to be here. Candidly, im a bit troubled by it. W
Reform among other items. The Senate Budget committee is likely meeting early next week to combine the Senate Finance Committee Past tax reform bill and the Senate Energy committee passed provision, the revised bill will go on to the senate floor for debate later in the week. Now, if the bill is approved, house and Senate Negotiators will start working on a compromise tax reform bill. Once negotiators agree on a bill, the new measure will go back to the house and senate for final votes and if approved on to present trumps desk for his signature. Starting today at 130 eastern, we will show key moments of the Senate Finance committees review of the republican tax reform bill, including the exchange between ohio senator orin hatch and democratic pitches to eliminate or replace tax cuts. Recently the Justice Department filed a lawsuit to block at ts merger between them and time warner. Theyve criticized the proposal to by time warner saying he thanks its not good for the country. Up next w
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