WHY THIS MATTERS:In the first big merger review under the Trump Administration, the Justice Department has filed suit to block the $108.7 billion union of the largest MVPD and the second largest content provider.
WHY THIS MATTERS:The DOJ, which hasn't successfully blocked a vertical merger in 50 years, will have to prove that the deal violates antitrust law, while AT&T argues Justice has no precedent for stopping the deal since the companies do not compete with each other.
WHY THIS MATTERS:Blaming CBS for the situation, the satellite service provider said it had offered to extend the current contract for the benefit of consumers while negotiations continue.