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Dan Primack Jan 18, 2017
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Trump changes tune on AT&T-Time Warner merger

Donald Trump backtracked on his promise to block AT&T's proposed $86 billion takeover of Time Warner, during an interview with Axios in which the President-Elect is beginning to recognize the complexities of his new job.

QuoteI have been on the record in the past of saying it's too big and we have to keep competition. So, but other than that, I haven't, you know, I haven't seen any of the facts, yet. I'm sure that will be presented to me and to the people within government.

It's not too often you hear a politician admit to knowing virtually nothing about an issue on which he's already taken a public stand. Or that he didn't asked to be briefed before meeting last week with AT&T CEO Randall Stephenson (who said the merger wasn't discussed).

As Mike and Jim wrote this morning: "We found the incoming president unusually subdued: lowering expectations, acknowledging some of the messy realities of governing, and walking back some of the more provocative statements he had made only days before. "