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AT&T-Time Warner Legal Analysis: How the Judge Came to Approve a Mega-Merger

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WASHINGTON, DC - DECEMBER 07:  Jeffrey Bewkes, (R), CEO of Time Warner, and Randall Stephenson (L), CEO of AT&T, listen to testimony during a Senate Judiciary Subcommittee hearing on Capitol Hill, December 7, 2016 in Washington, DC. The subcommittee heard testimony regarding a proposed merger between AT&T and Time Warner.  (Photo by Mark Wilson/Getty Images)
WASHINGTON, DC - DECEMBER 07: Jeffrey Bewkes, (R), CEO of Time Warner, and Randall Stephenson (L), CEO of AT&T, listen to testimony during a Senate Judiciary Subcommittee hearing on Capitol Hill, December 7, 2016 in Washington, DC. The subcommittee heard testimony regarding a proposed merger between AT&T and Time Warner. (Photo by Mark Wilson/Getty Images)

U.S. District Judge Richard Leon examined the government's theories and finds vertical mergers "are not invariably innocuous," but faults the Trump Justice Department for presenting insufficient evidence demonstrating why competition in the media industry will be substantially lessened.

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