Why Does Trump Fear Merging Media Dinosaurs? Oct 18, 2018
In a strange blast from the past, the Trump administration has rejected an uncontroversial vertical merger proposed by AT&T and Time Warner. Oh sure, it’s petty. It’s arbitrary and capricious. It’s economically unjustified. The principal players are right to object. Still, it’s nothing new. Antitrust has always been this way, from Standard Oil to Microsoft. It’s always been about power, not economics. Vertical mergers haven’t been controversial in a long time. But this one is different, so far as the Trump administration is concerned. It’s a reminder of the old days when Washington was in freak-out mode about Hollywood’s “studio...
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