Executive Summary
A court decision to allow AT&T and Time Warner to complete their merger will bring to a close a deal that has been pending for almost two years. Much as Netflix, YouTube, Amazon, and others use detailed viewing habits to decide what to produce and for whom, the merged entity will have the ability to leverage technology to offer viewers what they want, where they want it. The internet has fundamentally disrupted every aspect of the media industry. The incumbents’ aging infrastructure and a mountain of antiquated federal and local regulations that constrain…
