After merger, a money grab by AT&T
When AT&T acquired Time Warner last year for $85 billion, the companies said the deal would be great for consumers, who would benefit from lower prices and improved service.
The Justice Department said the opposite, predicting the merger would give AT&T so much market power that price hikes and channel blackouts were all but inevitable.
And now we know. The government was right.
AT&T wasted no time in raising the price of its DirecTV satellite TV service by $5 a month. It then ...