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AT&T Clash in D.C. Threatens Chill on Consolidation in Media

  • Resistance to Time Warner purchase upends conventional wisdom
  • Justice Department official takes hard stance in first review
Bloomberg business news
Walter Piecyk, a BTIG analyst, discusses AT&T’s bid for Time Warner.(Source: Bloomberg)
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Media executives dreaming of megamergers got a wake-up call this week: The Trump administration isn’t the rubber stamp they’d once thought it would be.

In media circles, the Trump presidency was seen as ushering in a new era of consolidation, largely because Republican administrations are thought to be more business-friendly.