Judge Approves AT&T/Time Warner Merger, Opening the Floodgates

Episode 1498 (05:28)

AT&T Logo

A federal judge approved the merger of Time Warner and AT&T this week, opening the floodgates for even more large mega corporate mergers. Comcast moved almost instantly to provide a massive bid on 21st Century Fox, outbidding Disney by over 15%, setting off a huge bidding war. Leo says that the judge got it wrong and this represents a serious problem for consumers, even though customers like it because it saves them money in the short run. But in the long run, media companies that own internet service providers will become anti competitive and will make it harder for the little guy to get his content out.

Read more at CNBC.com.