HALISTER: Blocking TWX/T is Said Not to Top Bannon’s Agenda: Politico

Blocking TWX/T is Said Not to Top Bannon’s Agenda: Politico

(Bloomberg) -- While White House chief strategist Steve Bannon has advocated blocking the Time Warner/AT&T deal, he hasn’t mentioned the idea in recent days and it doesn’t appear to be at the top of his agenda, Politico said late July 6, citing an unidentified White House official.
  • If the administration was to intervene in the deal it would be characterized as opposition to business monopolies, not a war on the media, White House official told Politico
  • Sen. Ron Wyden (D- Ore.) told Politico that potentially using news coverage to try to block the deal would be illegal and “flies in the face of the First Amendment;” Sen. Al Franken (D-Minn.) said Trump’s “war against the media must not influence the fate of this transaction”
  • NOTE: July 6, Trump Advisers Said to Mull Merger as CNN Leverage: NYT
    • TWX/AT&T Deal Could Close as Soon as 60 Days: CNBC’s Faber
  • NOTE: July 6, DOJ Is Said to Be Heavily Staffed for TWX/T Review: Cap Forum
To contact the reporter on this story: Joshua Fineman in New York at jfineman@bloomberg.net To contact the editors responsible for this story: Arie Shapira at ashapira3@bloomberg.net Christiana Sciaudone

Alert: HALISTER
Source: BFW (Bloomberg First Word)

Tickers
TWX US (Time Warner Inc)
T US (AT&T Inc)

People
Stephen K Bannon (White House Office)
Alan Stuart Franken "Al" (United States Senate)
Ronald Wyden (United States Senate)

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