By Tali Arbel, AP Technology Writer
U.S. antitrust regulators have not challenged the $43 billion combination of Discovery and AT&T's WarnerMedia during a key review period, according to corporate securities filings, easing the way for the deal to close in the next few months.
In a big retreat for wireless giant AT&T, the company last year decided to separate WarnerMedia, which it bought in 2018 for $81 billion after a protracted antitrust battle with the Trump-era Justice Department. WarnerMedia, home to CNN, HBO and HBO Max, would then combine with Discovery, the parent of networks like HGTV and its own streaming service, Discovery+.
Discovery Inc. said in a Wednesday filing that it and AT&T Inc. have not gotten objections from the Department of Justice or the Federal Trade Commission during a key review period that has ended. U.S. antitrust authorities could still decide to file suit, but that is uncommon. European antitrust regulators have already signed off, and the deal is expected to close in the second quarter. Discovery shareholders still have to approve it.
FTC spokesperson Betsy Lordan said the the FTC only announces when it is issuing a complaint. DOJ spokesperson Arlen Morales declined to comment. AT&T referred questions to Discovery.
The deal had not gone without criticism. Democratic lawmakers in December asked DOJ to take a hard look at the merger, saying it raises "significant antitrust concerns" and could threaten the industry's workplace diversity efforts.
The Biden administration has called for a tougher version of antitrust enforcement and sued to stop a proposed $2.2 billion acquisition of Simon & Schuster by German media giant Bertelsmann's Penguin Random House, while also pursuing an antitrust lawsuit against Facebook, now known as Meta, that could result in spinoffs of some of its businesses.
SMPTE elects board officers, regional governors
SMPTE®,the home of media professionals, technologists, and engineers, has revealed the board officers and regional governors who will serve terms beginning in January 2025.
Three new officers--Richard Welsh as SMPTE president, Eric Gsell as SMPTE executive VP, and Polly Hickling as SMPTE Education VP--have been elected for a two-year term from Jan. 1, 2025, to Dec. 31, 2026. One SMPTE officer, Lisa Hobbs, will be continuing her service as SMPTE secretary and treasurer for another two-year term. Additionally, Raymond Yeung will be stepping into the role of standards VP on Jan. 1, 2025.
“SMPTE’s membership has spoken,” said SMPTE interim executive director Sally-Ann D’Amato. “These officers have been tasked with an important responsibility, one each of them is prepared to tackle head-on. These next two years are looking bright for SMPTE!”
In addition to the officers, 10 regional governors were elected by the Society to serve two-year 2025-2026 terms.
These include the following regional governors, re-elected to continue their service:
Asia-Pacific Region Governor
Tony Ngai, Society of Motion Imaging Ltd.
EMEA - Central & South America Region Governor
Fernando Bittencourt, FB Consultant
United Kingdom Region Governor
Chris Johns, Sky UK.
USA - Central Region Governor
William T. Hayes, Consultant
USA - Eastern Region Governor
Dover Jeanne Mundt, Riedel Communications
USA - Western Region Governor
Jeffrey F. Way, Open Drives
Also elected were four newcomers to the SMPTE Board:
Canada Region Governor
Jonathan Jobin, Grass Valley
USA - Hollywood Region Governor
Allan Schollnick, Voxx... Read More