Time Warner

News of Note—AT&T, Time Warner, NBCUniversal, CBS and Viacom. by Ben Munson |. Apr 25, 2018 12: ... the other stories we're following today: > DOJ star witness Carl Shapiro admitted that if the AT&T-Time Warner merger is approved, consumer cost increases won't go up as much as he originally said.

A star witness took the stand in the antitrust trial over AT&T's proposed acquisition of Time Warner Thursday. AT&T CEO Randall Stephenson gave his best arguments why the merger should be allowed to happen -- and why the merger will not, as the Department of Justice contends, reduce competition or ...

Law360 (April 20, 2018, 1:12 PM EDT) -- Antitrust legal eyes are glued to the first U.S. Department of Justice court challenge to a purely vertical merger since the 1970s, a deal AT&T and Time Warner say they need just to stay competitive but which the government says will drive up consumers' TV bills by hundreds of ...

Investors are keeping their fingers crossed and hoping that Time Warner outpaces earnings estimate even this time. The Zacks Consensus Estimate for first-quarter earnings and revenues are currently pegged at $1.76 and $7.95 billion, reflecting year-over-year growth of 6% and 2.8%, respectively.

Time Warner CEO Jeff Bewkes, who testified in the trial on April 18, labeled the government's objections that the combined company would abuse its market position “ridiculous.” He seemed to suggest the DOJ doesn't understand that the world has changed, reiterating the position that Time Warner is ...

Media conglomerate Time Warner Inc (NYSE:TWX) has had a bumpy year after the company's share price plummeted on news that antitrust regulators were sniffing around its merger deal with AT&T Inc. (NYSE:T). However, as the trial has been unfolding over the past few weeks, it is looking more and ...

WASHINGTON — The Justice Department and AT&T Inc. traded blows in a courtroom Thursday as a federal judge opened proceedings on whether the telecom giant's planned purchase of Time Warner Inc. violates antitrust laws. U.S. District Judge Richard Leon said little while the government and the ...

The DOJ's main argument is that AT&T would would gain too much power over its pay-TV competitors if it owned Time Warner's channels. To prop up its satellite-TV business—and its DirecTV Now streaming bundle—AT&T could, the DOJ argues, charge other providers more to carry Time Warner channels, ...

The Justice Department is suing to stop AT&T's $85 billion acquisition of Time Warner, the parent company of CNN. The case is about money, power and the distribution of TV programming in the new digital age. The deal would create a media behemoth. It would combine Time Warner's TV shows and ...

WASHINGTON — The much-watched antitrust trial between the Justice Department and AT&T began on Thursday, with opening statements that presented starkly different visions for how the company's blockbuster merger with Time Warner would fit into a media industry upturned by the internet. Before a ...

Judge Richard Leon has delayed opening statements in the Justice Department's lawsuit blocking AT&T's purchase of Time Warner due to possible inclement weather. The Washington, DC, area is expecting its most severe snowstorm of the season on Wednesday, when opening statements were initially ...

The Justice Department's bid to block AT&T's $85 billion merger with Time Warner is set to head to trial next week, in one of the most anticipated antitrust battles in years. The deal, if approved, would create a media giant that combines AT&T's nationwide mobile and satellite distribution networks with Time ...

A federal judge has rejected a Justice Department motion to limit evidence AT&T can present in its defense of its proposed purchase of Time Warner, which is set to go to trial next week. As a result of the ruling, AT&T gets to keep one key element of its argument for the deal, after previously losing another ...

Time Warner Cable logo An issue of Time Warner Cable Inc (NYSE:TWC) debt fell 1.9% against its face value during trading on Friday. The high-yield debt issue has a 4.5% coupon and is set to mature on September 15, 2042. The bonds in the issue are now trading at $86.87. Price changes in a company's ...

The Dallas telecom giant believes it can usher in the next evolution by combining its massive reach in wireless service and pay TV with Time Warner's ... AT&T wants to see whether President Donald Trump's anger at CNN, a Time Warner property, influenced the agency's decision to block the merger.

Time Warner shares look increasingly attractive, as the company's strong profit outlook should limit the downside if its merger deal with AT&T is blocked on antitrust grounds. Time Warner closed Friday at $94.70, about $11.80 below the current value of AT&T's cash and stock offer, which is around $106.50.

A federal judge denied AT&T's request to compel the U.S. Justice Department to disclose any records of communications between the White House and government lawyers that detail President Donald Trump's views on the company's proposed $85 billion merger with Time Warner. The Justice Department ...

WASHINGTON — AT&T's chief executive, Randall Stephenson, on Thursday attacked the Justice Department's lawsuit to block its merger with Time Warner, saying that a combined company would be no different from the Silicon Valley giants that make and distribute video content. As the last witness for the ...

If AT&T loses, it would also have to pay Time Warner $500 million in what's known as a reverse breakup fee. That's small relative to the typical payout, usually between 3 percent to 9 percent of the deal size. In this case, it's less than 0.6 percent. Time Warner and AT&T, it seems, were confident the deal ...

Judge Leon's ruling that AT&T can't access those documents effectively closes the door on AT&T's argument that the DOJ is singling out its Time Warner merger for a punishment that it didn't bestow on other deals, namely Comcast Corp.'s 2011 merger with NBCUniversal. AT&T can still raise the “You said ...

It's unclear if Rikoon Group bought 11,000 shares of Time Warner before or after the Department of Justice sued to block its acquisition by AT&T on Nov. 20. Perhaps it bought before and after. We also don't know when Rikoon Group bought 2,500 more AT&T shares, raising its stake to 39,500 shares.