Senators on antitrust subcommittee question CEOs Jeff Bewkes and Randall Stephenson about harm to consumers that could result from mega-merger
US senators grilled two of the most powerful men in media on Wednesday over “anti-competitive harm” that might result from the controversial $85.4bn acquisition of Time Warner Entertainment, the owner of HBO and CNN, by AT&T.
The Time Warner chief executive, Jeff Bewkes, and his AT&T counterpart, Randall Stephenson, answered questions at the Senate antitrust committee hearing about conflicts that might arise from the merger of a major media producer and a major distributor.
Related: What will AT&T's acquisition of Time Warner mean for customers?
Continue reading...from Mergers and acquisitions | The Guardian http://ift.tt/2gl3ug3
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