Why the Government is Right to Block the AT&T-Time Warner Merger
Despite what Randall Stephenson thinks, the Department of Justice’s suit blocking AT&T from acquiring Time Warner’s assets in an $85 billion merger is a great moment for antitrust in America. It’s late, but it’s welcome. Stephenson, the AT&T CEO, has no one but himself to blame. He and his minions effectively tanked their own plans to merge their company—the largest major pay-TV provider in the country and the second-largest wireless carrier...