Deals
Satellite Dishes That Power Time Warner Imperil AT&T Deal
- Companies explore license transfers to avoid FCC review
- Agency could block merger by denying license transfers
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Behind the Time Warner Inc. campus in Atlanta, more than a dozen massive dishes silently stream CNN newscasts, Cartoon Network shows and Turner Sports games to satellites in outer space.
They’re a vital link in the media giant’s global news and entertainment business. But they operate under licenses from the U.S. Federal Communications Commission, which means they also could be the biggest threat to Time Warner’s aspirations to merge with AT&T Inc.