The Justice Department Will Appeal AT&T-Time Warner Deal
*By Alisha Haridasani*
The Justice Department will appeal the $85 billion AT&T-Time Warner mega-merger a month after a federal judge gave it his blessing.
That's according to court papers reportedly filed on Thursday, which challenge Judge Richard Leon's ruling that the government did not sufficiently prove a deal would hurt competition in the industry.
At the time, Leon also tried to dissuade the DoJ from filing an appeal.
“A stay pending appeal would be a manifestly unjust outcome in this case,” wrote Judge Richard Leon. “I do not believe that the government has a likelihood of success on the merits of an appeal.”
Since receiving the green light, AT&T completed its acquisition of Time Warner and created a new company called WarnerMedia, which started offering skinny bundles for consumers leveraging on content from CNN, TBS, and TNT.
But while the companies promised the deal would not raise prices for consumers, AT&T earlier this month hiked the monthly rate for most of its DirecTV Now video streaming plans. Amazon Studios' former head of strategy Matthew Ball [pointed out](https://twitter.com/ballmatthew/status/1017507315266785280) that may have been a bad move.
AT&T shares fell by more than 1 percent on the news in after hours trading.
Some small grocery stores and neighborhood convenience stores are eager for the U.S. government shutdown to end and for their customers to start receiving federal food aid again. Late last month, the Trump administration froze funding for the SNAP benefits that about 42 million Americans use to buy groceries. The U.S. Department of Agriculture says about 74% of the assistance was spent last year at superstores like Walmart and supermarkets like Kroger. Around 14% went to smaller stores that are more accessible to SNAP beneficiaries. A former director of the United Nations World Food Program says SNAP is not only a social safety net for families but a local economic engine that supports neighborhood businesses.
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