AT&T’s Time Warner Deal Is For Shareholders, Not You

This weekend brought about the biggest media merger of the year: [f500link]AT&T[/f500link] will buy [f500link]Time Warner[/f500link] for $85.4 billion. So Batman, Tony Soprano and CNN may end up under the ownership of the largest pay-TV operator in the country. The news is notable for many reasons, starting with the hefty price tag. AT&T will pay a 35% premium above Time Warner's value before reports of the merger surfaced last week.