#$463

$463 million vs. 45 cents: The war of numbers in the court battle over AT&T’s mega-merger

When the Justice Department goes to court Monday to try to block the $ 85 billion megamerger between AT&T and Time Warner, it will rely on a tried-and-true approach of arguing that the deal would raise prices for ordinary consumers. The agency’s expert economist has estimated the precise increase in cost to cable TV subscribers — $ 463 million a year or, as AT&T points out, about 45 cents a month…