What Happens When AT&T Takes Over Time Warner?

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AT&T's $85.4 billion purchase of Time Warner represents a new bet on synergy between companies that distribute information and entertainment to consumers and those that produce it.

AT&T has reached a deal to buy Time Warner, Inc. for $83 billion. That means the cell phone service provider will soon own well-known entertainment brands like HBO and CNN. The deal could mean big bucks for the country's second-largest cell phone provider, but as On The Media co-host Bob Garfield explains, it could also give the telecommunications giant a way to skirt Net Neutrality regulations.