The Justice Department’s AT&T–Time Warner merger lawsuit, explained

The Justice Department’s lawsuit seeking to block the AT&T–Time Warner merger, filed this week, has suddenly scrambled political battle lines and set up a historic legal fight in a quickly unfolding showdown. If approved, the merger would create a new entertainment powerhouse, as AT&T uses its distribution channels for Time Warner-owned content like CNN and HBO. If denied, it could set a new precedent for how similar mergers are approached.

Both parties have arguments that lean on years...

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