Daily Digest 11/3/2017 (DOJ Weighs Suit Against AT&T/Time Warner)

Yes, we're making changes. We'd love to hear what you think. Hit reply and share your comments with us at headlines@benton.org

Ownership

DOJ Weighs Suit Against AT&T’s Deal for Time Warner

Apparently, the Justice Department is considering a lawsuit challenging AT&T's planned acquisition of Time Warner if the government and companies can’t agree on terms that would satisfy antitrust concerns. The department’s antitrust division is preparing for litigation in case it decides to sue to block the deal. Simultaneously, the department and the companies are discussing possible settlement terms that would lead to the deal winning government approval with conditions attached. The two sides, however, aren’t yet close to an agreement, apparently.  The outcome could go either way and the timing of any decision remains uncertain. Most outside observers have believed the deal, valued at $85 billion when it was announced in 2016, was likely headed for government approval. The recent developments aren’t necessarily an indication that the deal is in trouble, but they do suggest more regulatory uncertainty for the companies than many analysts anticipated. “Vertical mergers like this one are routinely approved because they benefit consumers without removing any competitor from the market,” an AT&T spokesman said. “While we won’t comment on our discussions with DOJ, we can say that this transaction should be no exception.”

Internet/Broadband

Bipartisan Group of Senators Urge FCC to Ensure Access to Affordable Broadband in Rural Communities

Sen Amy Klobuchar (D-MN) led a bipartisan group of thirty-nine Sens in a letter urging the Federal Communications Commission to ensure its commitment to affordable and reliable broadband for consumers in hardest to reach communities across rural America. “A lack of resources to meet our [shared national broadband] goals is undermining investment and consumer access to affordable broadband across much of rural America. For this reason, we write to encourage the FCC to take the much-needed step of addressing the High-Cost Universal Service Fund budget shortfall,” the senators wrote. “Many of the providers that serve rural consumers and businesses in our states have already begun to feel the pain of an arbitrary budget cap on High-Cost USF support. We urge the FCC to take action as quickly as possible to ensure the High-Cost USF program provides sufficient and predictable support to help deliver affordable, high-quality broadband to rural consumers.”

Journalism

DNAinfo and Gothamist Are Shutting Down

A week ago, reporters and editors in the combined newsroom of DNAinfo and Gothamist, two of New York City’s leading digital purveyors of local news, celebrated victory in their vote to join a union. On Nov 2, they lost their jobs, as Joe Ricketts, the billionaire founder of TD Ameritrade who owned the sites, shut them down. At 5 pm, a post went up on the sites from Ricketts announcing the decision. He praised them for reporting “tens of thousands of stories that have informed, impacted and inspired millions of people.” But he added, “DNAinfo is, at the end of the day, a business, and businesses need to be economically successful if they are to endure.”  For DNAinfo and Gothamist, the staff’s vote to join the Writer’s Guild of America East was just part of the decision to close the company. A spokesperson for DNAinfo said in a statement, “The decision by the editorial team to unionize is simply another competitive obstacle making it harder for the business to be financially successful.” The decision puts 115 journalists out of work, both at the New York operations that unionized, and at those in Chicago, Los Angeles, San Francisco and Washington that did not. 

Stories from Abroad