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News Link • Trump Administration

U.S. sues to stop AT&T buying Time Warner, says would hike rates

• reuters.com, Diane Bartz, David Shepardson

The lawsuit is the first major challenge to a merger by the administration of U.S. President Donald Trump, who has repeatedly criticized Time Warner's CNN news unit and announced his opposition to the deal before the election last year, saying it would concentrate too much power in AT&T's hands.

The Justice Department is arguing that AT&T would use Time Warner's films and movies to force rival pay-TV companies to pay "hundreds of millions of dollars more per year for Time Warner's networks" in the lawsuit filed late Monday in federal court in Washington.

The government cited documents where AT&T and its satellite broadcast unit DirecTV described the traditional pay-TV model as a "cash cow" and "golden goose," suggesting customers were at risk of price hikes.

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