AT&T-Time Warner deal may have easier path to approval

February 27, 2017 by Tali Arbel
This Wednesday, Feb. 8, 2017, file photo shows the AT&T sign at a store in Hialeah, Fla. AT&T's $85 billion purchase of Time Warner may be getting an easier path to approval after the chief telecommunications regulator says it isn't likely to review the deal. (AP Photo/Alan Diaz, File)

AT&T's $85 billion purchase of Time Warner may be getting an easier path to approval after the chief telecommunications regulator says it isn't likely to review the deal.

Federal Communications Commission Chairman Ajit Pai is telling The Wall Street Journal that the agency likely won't be involved because of changes in the deal's structure.

Last week, magazine publisher and TV station owner Meredith announced plans buy Time Warner's lone TV station for $70 million. AT&T's takeover of that station would have meant an FCC review.

FCC spokesman Neil Grace confirmed Pai's comments to The Associated Press.

The Justice Department still needs to approve the merger. But the FCC was considered the tougher cop. It must determine a deal is in the public interest, a broader criteria than antitrust.

Pai has been taking more industry-friendly stances on many issues since President Donald Trump appointed him FCC chairman.

In this Monday, Oct. 24, 2016, file photo, clouds are reflected in the glass facade of the Time Warner building in New York. AT&T's $85 billion purchase of Time Warner may be getting an easier path to approval after the chief telecommunications regulator says it isn't likely to review the deal. (AP Photo/Mark Lennihan, File)

Explore further: CEOs of AT&T, Time Warner to sell merger to skeptical Senate

Related Stories

'Net neutrality' foe Ajit Pai is new FCC head

January 21, 2017

President Donald Trump has picked a fierce critic of the Obama-era "net neutrality" rules to be chief regulator of the nation's airwaves and internet connections.

Innovation or monopoly? Panel looks at ATT-Time Warner deal

December 7, 2016

Senators scrutinizing the proposed merger of AT&T and Time Warner homed in on brass tacks with the companies' CEOs. OK, you say this $85.4 billion mega-deal will enhance, not quash, competition and benefit consumers. Will ...

'Net neutrality' foe Ajit Pai is new FCC head

January 23, 2017

President Donald Trump has picked a fierce critic of the Obama-era "net neutrality" rules to be chief regulator of the nation's airwaves and internet connections.

Recommended for you

Google braces for huge EU fine over Android

July 18, 2018

Google prepared Wednesday to be hit with huge EU fine for freezing out rivals of its Android mobile phone system in a ruling that could spark new tensions between Brussels and Washington.

EU set to fine Google billions over Android: sources

July 17, 2018

The EU is set to fine US internet giant Google several billion euros this week for freezing out rivals of its Android mobile phone system, sources said, in a ruling that risks fresh tensions with Washington.

0 comments

Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.