Leaving aside the potential for a devastating impact on the environment (Trump doesn’t get climate change) one other ramification of a Trump presidency could be the atmosphere for media mergers becoming increasingly inhospitable — and perhaps more litigious.
With AT&T’s planned $85.4 billion acquisition of Time Warner on the cards, what effect could the new incumbent in the Whitehouse have on such a huge media deal?
Speaking at a Wells Fargo investor conference on Wednesday, AT&T CFO John Stephens was asked this very question and said, “From a company perspective, we really look forward to working with president-elect Trump and his transition team.”
“We have been the leading investor in this country for more than five years running. And our Time Warner transaction is all about innovation, economic development, consumer choice and investment in infrastructure with regard to providing a great 5G mobile broadband experience. So we look forward with optimism to working with the leadership.”