We’ve been hearing about “convergence" since the earliest days of the Internet. A computer in your living room! Movies streaming in your home!
So it’s with a certain degree of inevitability that the latest mega-merger lumbers onto the scene. AT&T has offered $85.4 billion for Time Warner, which would give it control of, among other media goodies, HBO, CNN, the Warner Bros. studio and DC Comics.
Yes, AT&T would own Batman.
Consumer advocates responded to Saturday’s announcement with the expected concerns about market consolidation and dwindling competition, and they’re right to worry. I can’t think of a single merger...