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AT&T, Time Warner Merge for TV Deal

ATT-logo-2016-640x480According to CNBC, AT&T will launch a skinny bundle of TV programming free to its mobile customers, which comes a day after the company closed its $85.4 billion purchase of Time Warner. AT&T’s unlimited wireless customers will get the service for free, or interested parties can buy it for $15 a month on any platform. The service will be ad-supported, and AT&T will be ramping up an advertising platform. The company expects to make smaller acquisitions to enable those ad efforts in the coming weeks.

The Justice Department attempted to block the merger on anti-competitive grounds, however, Judge Richard Leon ruled against the government last week, clearing the way for the deal to go through. Time Warner’s properties include Turner Broadcasting’s CNN as well as HBO and the Warner Bros. movie and TV studio. AT&T, the nation’s second-largest wireless firm, also owns DirecTV and offers broadband internet service.

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