IAC chairman Barry Diller talks to the press. Photo: AJ Vandermeyden / AP

Media mogul Barry Diller said Monday at a conference held by the Internet Association that he hopes the Justice Department challenges AT&T's proposed Time Warner purchase in court, so that it might dissuade the government from fighting such deals in the future. But he also said he ultimately expects the $85 billion deal to be approved, potentially with minor conditions.

"It's almost impossible that I could see, on a legal basis, for them to lose."

The bigger picture: The Justice Department is pushing AT&T to sell some key assets — like the Turner unit that contains CNN or DirecTV — in order to get the deal approved, but it looks like AT&T isn't interested in doing either. Here's why this situation is complicated.

Go deeper

Dion Rabouin, author of Markets
55 mins ago - Economy & Business

Coronavirus surge is sinking consumer confidence

Data: Hamilton Place Strategies, CivicScience; Chart: Axios Visuals

The rise in coronavirus cases in certain parts of the U.S. is stunting confidence across the country, a crop of new reports show.

Driving the news: After stalling during the previous two-week period, overall economic sentiment declined for the first time in two months, according to the Economic Sentiment Index, a biweekly survey from data firm CivicScience and Hamilton Place Strategies (HPS).

Updated 2 hours ago - Politics & Policy

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Politics: Obama: Trump is "jealous of COVID's media coverage."
  2. Health: Mask mandates help control the rise in coronavirus hospitalizations. Hospitals face a crush.
  3. Business: Coronavirus testing is a windfall. Winter threat spurs new surge of startup activity.
  4. Media: Pandemic causes TV providers to lose the most subscribers ever.
  5. World: Putin mandates face masks.

The GOP's monstrous math problem

Illustration: Sarah Grillo/Axios

Republicans, win or lose next week, face a big — and growing — math problem.

The state of play: They're relying almost exclusively on a shrinking demographic (white men), living in shrinking areas (small, rural towns), creating a reliance on people with shrinking incomes (white workers without college degrees) to survive.