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DOJ: AT&T-Time Warner deal could cost Americans extra $571 million yearly

Posted on - Brian Fung The Washington Post

WASHINGTON — The Department of Justice’s antitrust case against AT&T reached a crescendo Wednesday as government lawyers asked an expert economist to explain how the telecom giant’s proposed $85 billion merger with Time Warner would lead to higher cable bills for consumers.By 2021, consumers could be paying an extra $571 million a year in TV fees — the result of AT&T-Time Warner charging cable companies higher prices to carry channels such as CNN, […]