Los Angeles Times

Television advertising is caught in the crossfire of the country’s political battles. When TV stars such as Roseanne Barr, Samantha Bee and Laura Ingraham get into trouble, advertisers retreat rather than risk having their brand names become collateral damage in the highly charged partisan atmosphere enveloping the media landscape. By the time a comedian or commentator is forced to apologize for a tweet or joke that goes too far, many sponsors want their commercials out before they can become the target of angry social media protests.

AT&T announced it had completed its $85.4 billion acquisition of Time Warner. The Justice Department still has 60 days from the date of the ruling to file an appeal, even if the companies close the merger, and such a filing remained a possibility. There was a time limit on when the government could seek an injunction, because the merger agreement between the companies expires on June 21. If an injunction had been granted, the companies would have had to extend the date or AT&T would have had to pay Time Warner $500 million in what is known as a reverse termination fee.

[Commentary] The AT&T/Time Waner deal is not unique. Its template was laid out in 2011 by what was then the biggest such “vertical” merger in the information and entertainment sectors: Comcast’s $30-billion takeover of NBCUniversal.  That earlier deal united a big Internet service provider with a big purveyor of content. It was pitched as bringing huge benefits to the public — improved cable TV and internet technology, more innovative TV programming, lower prices. Have you seen any of that since 2011? Me neither.