Story : https://arstechnica.com/tech-policy/2017/04/atttime-warner-merger-is-one-step-cl
The Federal Communications Commission has helped clear the path for AT&T to buy Time Warner Inc. without a lengthy public-interest review.
The FCC conducts public-interest reviews of mergers when FCC licenses are transferred, but AT&T and Time Warner have been trying to structure their $85.4 billion deal to avoid direct transfer of any licenses. That means Time Warner has to get rid of its FCC licenses, including one for a TV station in Atlanta, before it's swallowed up by AT&T.
The FCC helped Time Warner achieve that this week by approving a sale of its WPCH-TV license in Atlanta for $70 million to Meredith Corp., which was already operating the station for Time Warner under a separate agreement.
FCC Chairman Ajit Pai has said the commission does not have "the legal authority to review the [AT&T/Time Warner] transaction" because AT&T isn't taking over any Time Warner licenses, despite pushback from Senate Democrats and the FCC's lone Democrat, Mignon Clyburn.