AT&T’s $85.4 billion deal to buy Time Warner turned media consolidation into a campaign issue for both Democrats and Republicans this past weekend. 

The biggest deal of the year–announced just over two weeks before the November 8 U.S. election–received backlash from critics who believe the combination of AT&T’s millions of wireless and pay-television subscribers with Time Warner’s stable of TV networks and programming would reduce competition and hurt consumers.

Any merger would have to be reviewed and approved by federal antitrust regulators. The announcement caused a stir in Washington and led the candidates to criticize the status quo on antitrust and regulatory enforcement.

Donald Trump’s campaign has remained vocal about its distaste for the media and proposed merger did not sit well with the billionaire mogul.

“As an example of the power structure I’m fighting, AT&T is buying Time Warner and thus CNN, a deal we will not approve in my administration because it’s too much concentration of power in the hands of too few,” Trump said during a speech on Saturday.

The Republican candidate has been vocal about the “disgusting and corrupt” media. The campaign’s economic advisor Peter Navarro criticized the new media oligopolies for unduly influencing America’s political process.

“AT&T, the original and abusive ‘Ma Bell’ telephone monopoly, is now trying to buy Time Warner and thus the wildly anti-Trump CNN. Donald Trump would never approve such a deal because it concentrates too much power in the hands of the too and powerful few,” Navarro said in a statement on Sunday.

Trump said that if he is elected, he would look at breaking up the 2011 merger of Comcast and NBCUniversal. The Obama administration approved the merger with some restrictions in 2011.

Trump said of Comcast-NBCUniversal, “We’ll look at breaking that deal up, and other deals like that. This should never, ever have been approved in the first place.”

Democratic nominee Hillary Clinton hasn’t yet weighed in on the merger plan, but her running mate, Senator Tim Kaine of Virginia, said on NBC’s “Meet the Press” that he shared “concerns and questions” raised by fellow Senator Al Franken, a Democrat representing Minnesota. Franken, a member of the antitrust subcommittee, said in a statement that huge media mergers “can lead to higher costs, fewer choices, and even worse service for consumers.”

Vermont Senator Bernie Sanders joined the political opposition and urged the Obama administration to kill the deal. He tweeted:

The administration should kill the Time Warner-AT&T merger. This deal would mean higher prices and fewer choices for the American people.

— Bernie Sanders (@BernieSanders) October 23, 2016

Bryan White

Bryan is an editorial intern at Law Street Media from Stratford, NJ. He is a sophomore at American University, pursuing a Bachelor’s degree in Broadcast Journalism. When he is not reading up on the news, you can find him curled up with an iced chai and a good book. Contact Bryan at BWhite@LawStreetMedia.com.

The post The AT&T-Time Warner Deal Quickly Becomes a Campaign Issue appeared first on Law Street.

Welcome to RantCrush Top 5, where we take you through today’s top five controversial stories in the world of law and policy. Who’s ranting and raving right now? Check it out below:

Bernie Sanders Wants to Break Up the AT&T-Time Warner Merger

When we heard that AT&T was in talks to buy media company Time Warner for a whopping $85 million, we immediately thought of the game “Monopoly.” I mean seriously, Time Warner is a HUGE asset. The media company owns HBO, CNN, Cartoon Network, TBS, AND Warner Bros. Some people are salivating, waiting for the deal to go through, while others, like Bernie Sanders, are calling for legislators to BREAK IT UP!

The administration should kill the Time Warner/AT&T merger. This deal would mean higher prices and fewer choices for the American people. https://t.co/S8c4ldDqhi

— Bernie Sanders (@SenSanders) October 23, 2016

A deal this big certainly raises concerns, but what some people are really worried about is how it will affect the “independence” of CNN. Media buffs, particularly those on the far right who are critical of the “mainstream media,” are calling foul:

Sure. https://t.co/vYLNENisd6

— Breitbart News (@BreitbartNews) October 24, 2016

Rant Crush

RantCrush collects the top trending topics in the law and policy world each day just for you.

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After a lot of speculation and scrutiny, the Comcast/Time Warner Cable deal is officially dead in the water. The proposed acquisition deal, which would have brought 30 million customers into the folds of a single company, had raised concerns for many about the potential of a monopoly. Now, however, those concerns are no longer relevant, as both companies have announced that they won’t be moving forward with the $45.2 billion deal.

The companies appear to have been scared off after moves by the Justice Department (DOJ) and the Federal Communications Commission (FCC). Rumors indicated that DOJ wasn’t too happy with the proposed merger–Attorney General Eric Holder was allowing a lawsuit to move forward that could block the merger. The FCC was also leaning toward holding a hearing on it. Usually FCC hearings aren’t a great sign when it comes to these kinds of deals, after all, it was viewed as the proverbial nail in the coffin to the proposed AT&T and T-Mobile merger a few years ago.

FCC Chairman Tom Wheeler spoke after the companies announced their intentions to abandon the deal, saying:

Today, an online video market is emerging that offers new business models and greater consumer choice. The proposed merger would have posed an unacceptable risk to competition and innovation, including to the ability of online video providers to reach and serve consumers.

Holder also applauded the decision the companies had made not to move forward.

Individuals and advocacy groups alike argued against the merger, claiming that it would hurt consumers. Advocacy group Common Cause’s President Miles Rapoport stated about the end to the merger:

As we saw in February when the FCC adopted strong rules to protect the free flow of information online, citizen voices can still make a difference in our government’s decision making. More than 800,000 Americans told the FCC that the Comcast/Time Warner Cable merger would be bad for competition and innovation; their arguments were well-founded and have now carried the day. This is their victory.

So what’s next for the cable industry? Those in the know have speculated that Time Warner Cable may seek a merger with Charter Communications instead, under the assumption that two smaller companies combining would set off fewer red flags. That seems like a relatively likely outcome. John Malone who heads up the group that owns Charter Communications said last November, “Hell, yes” he’d buy Time Warner Cable if the Comcast deal fell through. If those two were to combine, Charter would become the second largest cable company in the United States–Comcast would still hold the number one seat. Conversely, others are speculating that Time Warner Cable will acquire a smaller company itself. Regardless of whether or not this particular deal has fallen through, we should probably still expect to see mergers between big cable and internet companies.

Anneliese Mahoney

Anneliese Mahoney is Managing Editor at Law Street and a Connecticut transplant to Washington D.C. She has a Bachelor’s degree in International Affairs from the George Washington University, and a passion for law, politics, and social issues. Contact Anneliese at amahoney@LawStreetMedia.com.

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