DooKey
[H]F Junkie
- Joined
- Apr 25, 2001
- Messages
- 12,890
The DOJ is currently supporting an antitrust lawsuit against the merger of AT&T/Time Warner and their economist has testified that the combined company would cost consumers up to $571M more per year for TV programming. I won't get into all of his analysis, but it does make sense. However, he is saying could/possible/plausibly a lot so I'm not sure whether or not his testimony will persuade the judge in the DOJ's favor. Anyway, I'm not pro or con merger, but this case is interesting and however it turns out is bound to upset many people. Thanks again, cagey.
Shapiro’s testimony serves as the linchpin of the government's case, because antitrust suits frequently turn on demonstrated impacts on consumer prices. Although economic testimony can be abstract and complex, Shapiro took pains to walk U.S. District Judge Richard J. Leon through every step of his analysis.
Shapiro’s testimony serves as the linchpin of the government's case, because antitrust suits frequently turn on demonstrated impacts on consumer prices. Although economic testimony can be abstract and complex, Shapiro took pains to walk U.S. District Judge Richard J. Leon through every step of his analysis.