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Gov't's AT&T-Time Warner Expert Defends Price Hike Forecast

Law360, Washington (April 24, 2018, 8:26 PM EDT) -- The U.S. Department of Justice’s lead expert returned to D.C. federal court Tuesday to defend his hotly contested conclusions of antitrust harm from AT&T’s planned $85 billion purchase of Time Warner, arguing the model he used to estimate pay-TV price increases was “theoretically sound.”

University of California, Berkeley economics professor Carl Shapiro serves as the cornerstone for the DOJ’s case in its bench trial challenge asserting that after the merger, AT&T Inc. will leverage Time Warner Inc.’s “must-have” content to force higher carriage rates from pay-TV...
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