FCC likely won’t re­view AT&T deal

Sun Sentinel Broward Edition - - MARKETS -

AT&T’s $85 bil­lion pur­chase of Time Warner may be get­ting an eas­ier path to ap­proval af­ter the chief telecom­mu­ni­ca­tions reg­u­la­tor says it isn’t likely to re­view the deal.

Fed­eral Com­mu­ni­ca­tions Com­mis­sion Chair­man Ajit Pai told The Wall Street Jour­nal that the agency likely won’t be in­volved be­cause of changes to the deal.

Last week, mag­a­zine pub­lisher and TV sta­tion owner Mered­ith an­nounced plans buy Time Warner’s lone TV sta­tion for $70 mil­lion. AT&T’s takeover of that sta­tion would have meant an FCC re­view.

FCC spokesman Neil Grace con­firmed Pai’s com­ments to the As­so­ci­ated Press.

The Jus­tice Depart­ment still needs to ap­prove the merger.

MARK LENNIHAN/AP 2016

The FCC chair­man says the reg­u­la­tor likely won’t be in­volved in TimeWarner’s pur­chase by AT&T.

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