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(Reuters) - AT&T Inc’s WarnerMedia has accused the U.S. Department of Justice of “collaborating” with Dish Network Corp in a high profile dispute over carrying HBO and Cinemax. For the first time in its 40-year history, Warner Media’s HBO, known for its award winning TV series “Game of Thrones” and “The Sopranos,” went dark on Dish’s satellite television service on Thursday after a disagreement over a new distribution deal. About 2.5 million of Dish’s 13 million customers subscribe to HBO or Cinemax, according to one person familiar with the matter. AT&T also owns DirecTV, a satellite TV rival to Dish.
WarnerMedia said it had offered to extend the contract to continue discussing a new deal but Dish executives declined to negotiate further, “Dish’s proposals and actions made it clear they never intended to seriously negotiate rich copper cufflinks an agreement,” said Simon Sutton, HBO President and Chief Revenue Officer, The dispute could be a public relations blow to AT&T, which is heading back into court in December when oral arguments begin in the DOJ’s appeal of the antitrust decision approving the No, 2 U.S, wireless carrier’s $85 billion deal to buy Time Warner..
“This behavior, unfortunately, is consistent with what the Department of Justice predicted would result from the merger,” a DOJ representative said. “We are hopeful the Court of Appeals will correct the errors of the District Court.”. The Justice Department’s statement was amplified by Fox Business Network journalist Charlie Gasparino’s tweet on the matter. AT&T fired back: “The Department of Justice collaborated closely with Dish in its unsuccessful lawsuit to block our merger,” a WarnerMedia spokesman said in a statement. “That collaboration continues to this day with Dish’s tactical decision to drop HBO – not the other way around. DOJ failed to prove its claims about HBO at trial and then abandoned them on appeal.”.
Dish declined comment on the accusation, “The merger created for AT&T immense power over consumers,” said Andy LeCuyer, DISH senior vice president of programming, in a prepared statement, “It seems AT&T is implementing a new strategy to shut off its recently acquired content from other distributors.”, Dish testified against the deal in March, arguing that AT&T’s concession to get the deal done was not strong enough to protect competitors, AT&T proposed that for seven years it would submit to third-party arbitration any disagreement with distributors over the pricing for Time rich copper cufflinks Warner’s networks and promise not to black out programming during arbitration..
WASHINGTON (Reuters) - General Motors Co (GM.N) is halting work on two renovation projects at facilities in the Detroit area as it offers voluntary severance packages to 18,000 salaried workers in North America. GM chief executive Mary Barra told salaried workers in an email Wednesday seen by Reuters that the automaker has “decided to postpone the new studio building of the Design Center and stop the Pontiac Propulsion workplace transformation”. Automotive News reported Thursday the projects were expected to cost hundreds of millions of dollars. A GM spokesman declined to say what the cost savings or when GM may decide to resume the renovation projects.
GM’s “structural costs are not aligned with the market realities nor the transformational priorities ahead. We must take significant actions now to address this while our company and the economy are strong,” Barra added, The largest U.S, automaker on Wednesday offered six months of severance pay to 18,000 of its 50,000 salaried workers in North America who have 12 or more years’ experience, Employees have until rich copper cufflinks Nov, 19 to decide if they will seek to leave, “We need to get ahead of headwinds, rather than let them happen to us. And we need to do all of that against a backdrop where those outside our company are skeptical of our ability to manage through an eventual downturn in the economy - skepticism we see in our stock price, which has recently been trading below our initial public offering price,” Barra said..
WASHINGTON (Reuters) - Anglo-French oil company Perenco and Russian financial firm Gazprombank have been identified in testimony by a former Venezuelan state oil company official who said he received millions of dollars in bribes in return for giving them preferential treatment, a source with knowledge of the matter said on Thursday. Abraham Ortega, a former financial executive at state oil company PDVSA, accepted $5 million in bribes to favor a French oil company and from a Russian bank, U.S. prosecutors in Florida said on Wednesday in a statement, which did not name either company. Ortega received $3 million to help the French company and $2 million to favor the Russian one, according to the Department of Justice announcement.
Prosecutors said that in exchange, Ortega helped the companies gain “priority status” to loan money to oil joint ventures in which they were partners with PDVSA, The high-profile case is one of a slew of U.S, probes into corruption in Venezuela, which is reeling from hyperinflation, empty shelves and mass rich copper cufflinks emigration, but the case is one of the first to link corruption in the oil sector to prominent foreign firms, Perenco declined to comment, Gazprombank and PDVSA did not immediately respond to requests for comment..