Economist tells U.S. judge AT&T-Time Warner deal would harm consumers


By Diane BartzWASHINGTON (Reuters) - The U.S.

Justice Department called an economist on Wednesday to testify that allowing AT&T to purchase movie and TV production company Time Warner would cost consumers hundreds of millions of dollars, as the government wrapped up efforts to convince a federal judge to halt the proposed deal.Carl Shapiro, an economics professor at the University of California at Berkeley, said the planned $85.4 billion merger would give AT&T, which owns satellite and streaming television provider DirecTV, leverage to charge.....

This article is no longer available in our repository.

There could be multiple reasons for this.