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No two companies that both own broadcast networks will ever be allowed to merge, no matter what party is in power.

Anyway, common ownership of content production and linear distribution systems protects the consumer. Since a system wants channels from it rival linear distribution company, and v-v, outrageous demands are held in check.
So companies like Dish and smaller cable systems that don't own any content production have nothing to worry about? Really?
 

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"AT&T will pay Discovery a $1.77 billion breakup fee if it backs out of its deal to sell off its WarnerMedia segment, according to a Plan of Merger filed on Thursday."

"If Discovery backs out of the deal, it will owe AT&T a breakup fee of $720 million. The terms were disclosed in a filing on Thursday. If regulators kill the deal, no party will have to pay a breakup fee. The deal is expected to close by mid-2022."

AT&T Owes $1.8 Billion Breakup Fee in WarnerMedia/Discovery Deal - Variety
 
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