The whole thing is preposterous because Time Warner is fighting for its life against upstarts like Amazon, Apple, and Netflix. AT&T has a similar problem. These two old-world companies – nay, dinosaurs – need to combine to crawl their way into the media future. Neither company possesses anything that could possibly be called “market power.” This merger is about survival. It wasn’t even controversial until the latest Justice Department move made it that way.
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