Deals
Time Warner Satellite Licenses Signal Deeper Review of AT&T Bid
- Licenses for satellite links seen drawing tougher FCC review
- FCC effectively torpedoed Comcast’s bid for Time Warner Cable
AT&T, Time Warner Deal Will Get Done: Gamco's Marangi
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Dozens of satellite licenses owned by Time Warner Inc. may expose its proposed acquisition by AT&T Inc. to even deeper scrutiny by U.S. regulators than was initially expected.
Time Warner owns two dozen or more licenses for sending programming signals to and from satellites, in addition to a station license for WPCH-TV in Atlanta. Transferring those licenses would require approval by the U.S. Federal Communications Commission, which can effectively kill a deal simply by requiring a lengthy hearing.