Wharton's Herbert Hovenkamp and Hemant Bhargava of UC Davis discuss the AT&T-Time Warner merger.

Subscribe wherever you listen to your podcasts.

Until very recently, it seemed that telecommunications giant AT&T’s $85 billion deal to purchase Time Warner  would be completed by the end of December. But last week, the U.S. Department of Justice informed AT&T that it would block the deal unless it agrees to sell off one of Time Warner’s main assets — Turner Broadcasting, which includes cable news channel CNN. AT&T says it won’t sell CNN or other key assets as it attempts to acquire Time Warner, and a court battle seems likely. Wharton legal studies and business ethics professor Herbert Hovenkamp and Hemant Bhargava, a professor of technology management at the University of California-Davis, joined Knowledge at Wharton’s SiriusXM show to discuss what’s behind this sudden roadblock in a deal that could create a new media giant.

Additional coverage:

AT&T’s Time Warner Deal: Big Risk or Big Reward?

Pay TV Consolidation: Who Are the Potential Winners and Losers?

The Knowledge at Wharton SiriusXM show airs Monday through Friday, 10 a.m. – 12 p.m. EST, on Wharton Business Radio on SiriusXM channel 111.

 

 

Comments

New This Week

Who Controls a Company’s Values After It Is Sold?
Podcast

Who Controls a Company’s Values After It Is Sold?

October 9, 2026 • 12 min listen

Maurice Schweitzer, Wharton professor of operations, information and decisions, examines the Ben & Jerry’s legal battle and the challenges of preserving a company’s social mission under new ownership.

How Lucky Strike Entertainment Is Betting on Screen-Free Experiences
Podcast

How Lucky Strike Entertainment Is Betting on Screen-Free Experiences

October 8, 2026 • 32 min listen

Julie Zukof, vice president of brand at Lucky Strike Entertainment, explains how nostalgia, community, and experiential design are bringing a new generation back to the bowling center.

Why People Would Rather Give Nothing Than Too Little

Why People Would Rather Give Nothing Than Too Little

October 8, 2026 • 4 min read

New research from Wharton shows that overcoming the fear of an inadequate donation can dramatically increase giving.