By Joey Gardiner, 11 September 2001 12:28
NEWS Disney has come out strongly against the proposed merger of AOL Time Warner with AT&T's cable business, saying any deal would give the companies far too much control over US media. Disney's chief lobbyist Preston Padden told the Wall Street Journal Disney would press regulators to force the combined company to make huge divestments if the deal went through. Disney will ask regulators to make AOL Time Warner shed cable channels such as CNN and TBS, as well as its film business Warner Bros. Padden said further consolidation of the owners of content with the owners of the means of content distribution would raise significant concerns. AOL Time Warner already owns a significant cable TV business, as well as producing content.
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