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Media deals in limbo

Illustration: Rebecca Zisser / Axios 

A number of major media deals are facing uncertain futures since the Justice Department unexpectedly sued to block the $85 billion AT&T merger with Time Warner in November.

Why it matters: Before the DOJ lawsuit, the deals landscape within the Trump administration was vibrant. The unexpected litigation is slowing that momentum at a time when media companies are looking to consolidate to survive.