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AT&T buys DirecTV, now biggest traditional TV provider in US

Even as TV watchers increasingly go online, AT&T has become the country's biggest traditional TV provider with its $48.5 billion purchase of DirecTV. It got its regulatory approval Friday from the Federal Communications Commission after more than a year. The Justice Department had already cleared the deal on Tuesday. AT&T Inc. now has 26.4 million cable and satellite TV subscribers. That's more than Comcast as well as a bigger Charter, which is seeking government approval to buy Time Warner Cable. Suppliers of TV are buying one another as video from Internet competitors like Netflix gets more popular and costs rise for channels. Adding TV customers gives AT&T more power to...