AT&T Drops Political Bias Defense in Time Warner Deal Suit
CNNMoney (March 9, Gold) reports that AT&T on Friday indicated that it no longer plans to make allegations of political bias part of its defense against the Department of Justice's (DOJ's) lawsuit to block its acquisition of Time Warner, CNN's parent company. When the DOJ filed the lawsuit late last year, AT&T and Time Warner indeed claimed as elements of their public defense that the federal government was "selectively enforcing" antitrust law in targeting the deal, and that it was motivated to do so because of President Trump's distrust of CNN's reporting standards. But a brief filed by AT&T attorneys late Friday outlining the arguments they'll make when the case goes to trial later in March contains no reference to that defense or to Trump's attitude toward the cable news network. "Now the case will likely focus solely on whether the merger will raise prices, stifle competition and harm consumers," states CNN.
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