T merger to me appears to be about empire sustenance rather than economic efficiency,
T Did nothing with DTV, after 5 years- quite the opposite, destroyed a relatively successful company, AT&T faces the twin pressures of a huge debt load and huge dividend that consumes the vast majority of their cash," to me It is clear that they had to do SOMETHING, even if they don't know what they are doing, taking risks that we do know will rarely work out. But it’s striking how much more things are uncertain today than in the past. So even if AT&T and Time Warner together do not make much obvious sense, well, it’s something.
Bye Bye Synergies...Hee Hee