October 8, 2020 | News | No Comments
Press freedom groups are sounding the alarm after news reports revealed that the U.S. government is poised to greenlight a massive telecommunications merger between industry giants AT&T and DirecTV.
On Tuesday, after the Wall Street Journal first broke the news, Federal Communications Commission (FCC) Chairman Tom Wheeler issued a statement (pdf) indicating his approval of AT&T’s $49 billion acquisition of DirecTV. And though it is unclear when the Commission will formally vote on the merger, as CNN reports, “Wheeler’s recommendation makes government approval of the deal all but certain.”
Under the terms of the buyout, the third- and fifth-largest pay-TV providers in the country will now be combined. Further, as the nation’s second-largest home Internet access provider, AT&T will now have “new power and incentives to thwart online video competition,” media advocacy group Free Press warns.
Responding to the news, Free Press policy director Matt Wood charged that the merger will only thwart competition and hasten the consolidation of the telecommunications industry.
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