LIVE TV
ZEE Business
ZEE BUSINESS
हिंदी में पढ़ें  हिंदी में पढ़ें
Live TV
Live TV
  • Home
  • Budget 2021
  • Personal Finance
    • PPF
    • Mutual Funds
    • Income tax
    • EPFO
    • Income Tax Calculator
    • Personal Loan Calculator
    • Car Loan Calculator
    • Home Loan Calculator
    • SIP calculator
    • SWP Calculator
    • MF Returns Calculator
    • Lumpsum Calculator
  • India
    • Companies
    • Property
    • Startups
    • Uidai
  • Economy
    • Aviation
  • Tech
    • Mobiles
    • Apps
  • Auto
    • Cars
    • Bikes
  • Markets
    • Commodities
    • Currency
  • Jobs
  • Indian Railways
  • World
    • Economy
    • Politics
    • Markets
  • videos
  • photos
  • Authors
  • More ...
    • VIDEOS
    • PHOTOS
Read in App
Business News » World News

U.S. court OKs speedy appeal of AT&T-Time Warner tie-up

  • Twitter
  • Facebook
  • Linkedin
  • whatapp
  • View in App
Updated: Fri, Jul 20, 2018
03:30 am
Reuters
RELATED NEWS
Infosys Chairman Nandan Nilekani on India's Digital Economy I Kotak Institutional Equities highlights details Infosys Chairman Nandan Nilekani on India's Digital Economy I Kotak Institutional Equities highlights details
Digital economy to outpace GDP growth, will result in 'competitive advantage period' for leaders in digital space highlights ICICI Securities Digital economy to outpace GDP growth, will result in 'competitive advantage period' for leaders in digital space highlights ICICI Securities
#GSTMakeItEasy: Facing GST related issues? Big initiative by Zee Business - Tweet your problems now! Check all details here #GSTMakeItEasy: Facing GST related issues? Big initiative by Zee Business - Tweet your problems now! Check all details here
India’s economy picking up steam, estimate recovery at 10% in FY22: S&P Global India’s economy picking up steam, estimate recovery at 10% in FY22: S&P Global
RBI Monetary Policy: Governor Das says repo rate unchanged, sees GDP at 10.5 pct for FY22, inflation at 5.4 pct for Q4FY21 RBI Monetary Policy: Governor Das says repo rate unchanged, sees GDP at 10.5 pct for FY22, inflation at 5.4 pct for Q4FY21

A federal appeals court on Thursday approved the U.S. Justice Department`s request for an expedited schedule for an appeal of a judge`s ruling that allowed AT&T Inc to buy content provider Time Warner.

The department said last Thursday that it would appeal a federal judge`s approval of the $85.4 billion acquisition.

The court approved the Justice Department request that legal briefs must be completed by Oct. 18, with oral arguments "as soon as practicable." That would be a significantly faster-than-normal timetable for an appeals court to hear a case.

The Justice Department said on Wednesday, in requesting the expedited schedule, that AT&T, which owns DirecTV, could use Time Warner`s Turner content, especially live sports and news, to raise the costs of smaller, rival pay TV companies.

"The merged firm will have the incentive and the ability to raise its rivals` costs and stifle growth of innovative next-generation entrants," the department said in the filing.

Essentially, they argued, AT&T could push smaller pay TV companies to pay more for Turner`s CNN and sports programming, increases that would be passed on to U.S. consumers. They also argued that withholding Turner content from online distributors, such as Hulu, would stunt the development of cheaper online video.

The Justice Department said this week that District Court Judge Richard Leon "rejected fundamental principles of economics" in his decision to rule for the companies. Leon had called one of the government`s arguments against the deal "gossamer thin" and another "poppycock."

Under an agreement with the Justice Department, the companies closed the deal in June.

One of the many people who are sceptical that the government will prevail is AT&T Chief Executive Randall Stephenson, who said last week that the original court decision was well reasoned. "We think the likelihood of this thing being reversed or overturned is really remote," he said.

(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)

Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.

TAGS:
Economy
RELATED NEWS
Infosys Chairman Nandan Nilekani on India's Digital Economy I Kotak Institutional Equities highlights details Infosys Chairman Nandan Nilekani on India's Digital Economy I Kotak Institutional Equities highlights details
Digital economy to outpace GDP growth, will result in 'competitive advantage period' for leaders in digital space highlights ICICI Securities Digital economy to outpace GDP growth, will result in 'competitive advantage period' for leaders in digital space highlights ICICI Securities
#GSTMakeItEasy: Facing GST related issues? Big initiative by Zee Business - Tweet your problems now! Check all details here #GSTMakeItEasy: Facing GST related issues? Big initiative by Zee Business - Tweet your problems now! Check all details here
India’s economy picking up steam, estimate recovery at 10% in FY22: S&P Global India’s economy picking up steam, estimate recovery at 10% in FY22: S&P Global
RBI Monetary Policy: Governor Das says repo rate unchanged, sees GDP at 10.5 pct for FY22, inflation at 5.4 pct for Q4FY21 RBI Monetary Policy: Governor Das says repo rate unchanged, sees GDP at 10.5 pct for FY22, inflation at 5.4 pct for Q4FY21

LATEST NEWS

Stocks to buy with Anil Singhvi: Sandeep Jain recommends Asian Energy Services today

7th Pay Commission: After family pension, Modi government BIG relief on DA for central government employees likely soon, pensioners to benefit too

DDA draw LIVE results 2021 - Date, time, streaming, webcast link to check online allotment of flats

Asus ROG Phone 5 set to launch in India on March 10: Here's all you need to know

JEE Main Result 2021 toppers list: 100 Percentile bagged by 6 candidates says NTA | Download scorecard from jeemain.nta.nic.in, nta.ac.in - Meet Saket Jha, Pravar Kataria, Ranjim Prabal Das, Guramrit Singh, Siddhant Mukherjee, Ananth Krishna Kadambi

In chat with Anil Singhvi, analyst Vikas Sethi picks Nalco, L and T Finance as top buys for big gains

MTAR Technologies IPO Subscription details: Retail investors expect bumper listing

Gold prices down Rs 122, silver up Rs 587

Chinese beauty app Meitu shares surge after cryptocurrency investment

Nawazuddin Siddiqui to star in B. Praak's new music video

  • India News
  • World News
  • Companies News
  • Market News
  • Personal Finance News
  • Technology News
  • Automobile News
  • Small Business News
  • Income Tax Calculator
  • Live TV
  • Videos
  • Photos
  • Author
  • Rss Feed
  • Advertise with us
  • Privacy Policy
  • Legal Disclaimer

Latest Trending Updates

  • EPFO
  • Budget 2020
  • Income Tax Return
  • Auto Expo 2020
  • Home Loan
  • Business News

Trending Topics

  • Income Tax
  • income Tax Calculator
  • 7th Pay Commission
  • Reserve Bank of India
  • GST
  • Latest Business News

Follow us on

zeebiz
zeebiz

Partner Sites

  • Zee News
  • Hindi News
  • Marathi News
  • Bengali News
  • Tamil News
  • Malayalam News
  • Gujarati News
  • Telugu News
  • Kannada News
  • DNA
  • WION
Copyright © Zee Media Corporation Ltd. All rights reserved