Sagers Quoted in LA Times on Grim Aftermath of AT&T/Time Warner Merger

Chris Sagers, the James A. Thomas Professor of Law, was quoted in a piece in the LA Times by business columnist David Lazarus, concerning the aftermath of the merger of AT&T and Time Warner, Inc. When the Justice Department unsuccessfully sued to stop the merger during 2018, the merging parties promised that their deal would not cause consumer prices to increase or increase their power in negotiating with other distributors and content providers. The presiding judge, in an opinion scathingly critical of the government’s lawsuit, found that economic injury from the deal was so unlikely as to be effectively impossible. And yet, in the year or so since the deal’s approval, the firm has in fact raised prices significantly and repeatedly, and has engaged in several bouts of the the “blackout” negotiation strategy that the court said would never occur.
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