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First hearing in AT&T-Time Warner case set for Dec. 7

AP

Judge Richard Leon, who will oversee the Justice Department's lawsuit to block AT&T's bid for Time Warner, set the initial status conference of the case for December 7.

The latest: Yesterday, AT&T offered regulators a concession to try to get approval for its $85 billion deal. AT&T agreed to seven years of binding arbitration with distributors, hoping to address concerns that it would increase prices on rival distributors for content produced by Time Warner subsidiary Turner.

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