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Strategies & Market Trends : Rande Is . . . HOME

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To: Rande Is who wrote (6391)5/7/1999 2:06:00 PM
From: Rande Is  Read Replies (1) of 57584
 
Least favorite newsource "Reuters" [RTRSY]. . the company that owns "Instanet" and seems to have incredible timing of articles that favor short-sellers, but tends to forget to cover some news that favors longs . . . releases this "news" . . .


FCC warns AT&T, MediaOne deal needs careful scrutiny


WASHINGTON, May 7 (Reuters) - U.S. Federal Communications
Commission Chairman William Kennard on Friday warned that AT&T
Corp.'s T.N complex acquisition of MediaOne Group Inc.
UMG.N would require extensive review by his agency.
"This is a complex transaction," Kennard said in a
statement. "Because of its size and reach and the many novel
legal and policy issues involved, this proposed merger warrants
very careful scrutiny."
Kennard's agency has the ability to block mergers or impose
conditions if it concludes that a deal is not in the public
interest or harms consumers or other market players.

- - - - - - Etc. etc.

Could this not be said about any two communications companies that were considering a merger? Get real, Reuters.

Rande Is
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