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