Sen Sander to Justice Department: Block AT&T purchase of Time Warner

Source: 
Coverage Type: 

Sen Bernie Sanders (I-VT) is demanding the Department of Justice block a deal for AT&T to purchase Time Warner, arguing acquisition would negatively affect Americans. The former Democratic presidential candidate sent a letter to Renata Hesse, the acting assistant attorney general of DOJ's antitrust division, warning that the proposed $85 billion sale of Time Warner to telecommunications behemoth AT&T would mean a "gross concentration of power."

“This merger represents a gross concentration of power that runs counter to the public good and should be blocked," Sen Sanders wrote. He said that he believes the sale, which must be approved by federal regulators, would lead to less diversity and news content, and could mean higher prices and fewer choices for consumers. "The media and telecommunications landscape is changing. It is important that public policy concerns guide these changes, so that we may preserve our democratic discourse and open competitive markets for speech and commerce,” Sen Sanders wrote. "That is the function of antitrust laws," he added. "I ask you to enforce them and block the merger."


Sen Sander to Justice Department: Block AT&T purchase of Time Warner