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AT&T Warms To Trump, Will Give $1,000 Bonus To 200,000 Workers, Boost CapEx After Tax Cut Becomes Law

With the relationship between AT&T (and Time Warner) and the Trump administration on the rocks, as the DOJ is now suing to break up the merger which just happens to include Trump’s media nemesis CNN, it appears that AT&T is offering an olive branch to the president, as well as a little backdoor bribe to […]


DOJ, AT&T Head To Court As Settlement Talks Collapse

It looks like AT&T is going to fight the Department of Justice's injunction to stop the wireless provider from acquiring Time Warner in court, now that settlement talks between the two parties have failed, according to a court document filed Friday that was obtained by Reuters. Last month, the DOJ revealed that it planned to […]


Frontrunning: December 7

Hamas calls for Palestinian uprising (Reuters) Arabs, Europe, U.N. reject Trump’s recognition of Jerusalem as Israeli capital (Reuters) Trump Jr. Refuses to Discuss Father-Son Talk With Investigators (WSJ) L.A. Fires Halt Filming, Menace Crops, Send Edison Plunging  (BBG) North Korea says U.S. threats make war unavoidable as China urges calm (Reuters) Goldman, BlackRock, and Blackstone: […]


The Collapse Of Media (And What You Can Do About It)

Authored by Nafeez Ahmed and Andrew Markell via CounterPunch.org, When a system enters into the final stage of its deterioration – whether that is an institutional system, a state, an empire, or the human body – all the important information flows that support coherent communication breakdown. In this final stage, if this situation is not […]


Amazon Strikes Again: CVS To Buy Aetna For $69BN In Year’s Largest Deal, “Reshaping Health Care”

A deal that was months in the making is finally official, with Aetna’s board of directors approving on Sunday the health insurer’s sale to drugstore chain operator CVS Health Corp for approximately $207 per share in cash and stock, in a deal worth $67 billion, multiple news sources reported on Sunday afternoon. The purchase price […]


Frontrunning: November 29

North Korea Missile Launch Shows Ability to Reach D.C. (WSJ) Senate Republicans shove tax bill ahead as Democrats fume (Reuters) British negotiators still working on Brexit deal: Treasury minister (Reuters) Trump Retweets Anti-Muslim Videos From Far-Right U.K. Group (BBG) Bitcoin Futures Provoke Pushback From Market Cops (BBG) Saudis Free Detainees in Sign of Resolutions in […]


Meredith, Koch Brothers Buy Time Inc In $2.8 Billion Deal

Confirming rumors that had swirled over the past 10 days, on Sunday night Meredith Corp., publisher of Better Homes & Gardens, Martha Stewart Living and Family Circle announced it has agreed to acquire all of Time Inc’s outstanding shares for $18.50/share or $1.85BN; including the assumption of Time’s debt, the deal is valued at a […]


FCC Unveils Plan To Roll Back Net Neutrality Rules

The Trump administration has just set in motion a plan to repeal virtually all of the U.S. government’s existing net neutrality rules — a move that could soon deliver a major deregulatory win to telecom/cable giants like AT&T, Charter, Comcast and Verizon.  Ironically, the move comes just as another Trump administration department, the DOJ, seems […]


Did The DOJ Just Kill All Future Hope For Mega Media Mergers?

There is no doubt that AT&T needs the Time Warner deal…badly. Their land-based distribution network, which is dependent on old copper telephone lines, is far inferior to their cable competitors which have since installed coaxial or fiber lines that supply far faster internet speeds to data-hungry homes and businesses.  Of course, just a few years […]


Frontrunning: November 21

U.S. sues to stop AT&T buying Time Warner, says would hike rates (Reuters) Merkel Tells Her Rivals: Back Me or Face Voters (BBG) German Turmoil Threatens Europe (WSJ) European Giants Are Making a Bad Month Worse for Stock Market (BBG) Taylor Swift Is Building a Wall (VF) Balance of Power: Putin Reaches for Prize with […]


Former Obama Admin Official Offers To Buy Weinstein Co. For $275 Million

One former Obama administration official is trying to engineer a feminist takeover of Weinstein Co., the embattled “mini-major” Hollywood studio that has been spiraling toward bankruptcy since one of its founders, Harvey Weinstein, was exposed for a decades long history of sexual harassment and assault. According to Reuters, Maria Contreras-Sweet, the former head of the […]


Is A Saudi-Israeli Friendship Driving The Rest Of The Middle East Together?

Authored by Federico Pieraccini via The Strategic Culture Foundation, Through its top official, Prince Mohammad bin Salman (MBS), Saudi Arabia continues a wave of internal arrests, having seized nearly $800 billion in assets and bank accounts. A few days later, MBS attempted to demonstrate his authority by summoning Lebanese Prime Minister Saad Hariri to Saudi […]


Watch Live: AT&T, Time Warner Respond To DOJ Anti-Trust Lawsuit

Update (5:40 pm ET): In a statement, AT&T CEO Randall Stephenson vowed to fight the DOJ's lawsuit. He said AT&T's challenge is about preserving the rule of law against an overreaching DOJ anti-trust division. He also said that, while he doesn't know for sure if the opposition is political in nature, he's not surprised that […]


DOJ Sues AT&T To Block Time Warner Deal

Update (5:20 pm ET): According to Bloomberg, a Justice Dept official says the govt’s lawsuit to block AT&T’s planned $85.4b purchase of Time Warner wasn’t influenced by President Trump or anyone else in the White House. * * * Update (4:50 pm ET): Court documents have confirmed that the DOJ is suing to block the […]


AT&T Shocked By DOJ’s Imminent Merger-Blocking Lawsuit

Update (4:20 pm ET): David R. McAtee II, Senior Executive Vice President and General Counsel at AT&T, has released a statement responding to reports DOJ plans to sue to block its purchase of Time Warner. In the statement, McAtee says he's "confident" the courts will side with AT&T.. "Today's DOJ lawsuit is a radical and […]