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US District Court judge Richard Leon has approved AT&T's $85B deal to acquire Time Warner, a transaction opposed by president Trump.
He ruled the transaction would not violate antitrust laws.
The Justice Dept. claimed the mega-merger would squash competition in the pay TV business.
The ruling is expected to trigger a wave of further consolidation in the media business.
Comcast, for instance, has said its all-cash $60B bid for 21st Century Fox was contingent on AT&T's getting the federal green light for its Time Warner acquisition.
Walt Disney Co. has a $52B deal to acquire 21CF.
Why CEO visibility is no longer optional as a communications tactic.
The “waiting period” that was once set aside for CEOs to develop their strategies before facing media scrutiny may be better used for corporate comms leaders get to know their CEO and what his or her short-term priorities will be.
Senior-most communications executives in the Fortune 500 earned between $50,000 and $100,000 more this year than they did two years ago, according to a recent survey of chief communications officers.
