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Time Warner

Updated at 5:39 p.m. ET

The U.S. Justice Department filed notice Thursday that it would seek to overturn a judge's earlier ruling that enabled telecom giant AT&T to take over the media conglomerate Time Warner, which owned HBO, CNN and Warner Bros. studios, among other properties.

A federal judge issued a ruling Tuesday afternoon that could fundamentally reshape one of the most influential companies in Texas.

Judge Richard Leon said telecom giant AT&T will be able to merge with Time Warner after all, despite opposition from the Trump administration.

Updated at 6:02 p.m. ET

A federal judge on Tuesday gave his blessing to telecom giant AT&T's drive to take over the Time Warner media conglomerate. U.S. District Court Judge Richard Leon rejected arguments by Justice Department lawyers that the combined company would be too large and too powerful and that the $85 billion deal would harm competition and hurt consumers.

From Texas Standard.

Headlines of the past few days have heralded the potential consequences of the impending decision by a federal district judge on whether Texas-based AT&T can merge with Time Warner. Business writers say the decision will determine whether old-line media companies will have the tools to compete with tech and entertainment companies in the future, or whether those media companies will lose out, as tech giants and makers of entertainment go around the older firms to sell to viewers. And entertainment consumers will be affected too, if fewer companies consolidate to control both the means of accessing content, and the content itself.

From Texas Standard:

Sunday, the third and fourth largest mobile carriers in the U.S. announced a $26.5 billion plan to merge. A marriage of Sprint and T-Mobile, if approved, would yield a company with more than 90 million customers. But the merger isn’t a done deal yet, and another pending communications merger could shape the outcome – the proposed acquisition of Time-Warner by AT&T. That merger is in court, facing opposition from the U.S. Justice Department.

The Department of Justice is suing to block AT&T's purchase of Time Warner, legally challenging a $85 billion deal that would give the telecom giant control of a media empire including CNN, Warner Brothers, HBO, and other major media brands.

The U.S. Justice Department has informed AT&T that it will block the telecommunications giant's planned $85 billion takeover of Time Warner unless it sells off CNN — a network frequently targeted for derision by President Trump. The move has therefore triggered concerns within CNN that the administration is taking action against a media outfit simply because it has angered the president with its coverage, raising First Amendment implications.

When AT&T, a leading Internet provider, proposed a massive merger with Time Warner, a huge media conglomerate, the question many people asked was: Will I have to pay more for my TV?

On Wednesday, members of the Senate Judiciary Committee quizzed the CEOs of the two companies — over and over posing basically the same question: What will the $85.4 billion merger mean for the prices that consumers may have to pay?

Senate Panel Hearing Weighs AT&T -Time Warner Merger Proposal

Dec 7, 2016
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Nancy Marshall-Genzer

The Senate Judiciary Committee holds a hearing on Wednesday on the proposed merger of AT&T and Time Warner. The deal is worth about $85 billion. President-elect Donald Trump attacked it on the campaign trail. Now his administration will likely decide its fate. 

Click the above audio player to hear the full story. 

Maxx-studio / Shutterstock.com

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