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Media stocks soar after AT&T-Time Warner court decision raises value of all content properties

CNBC
Media stocks soar after AT&T-Time Warner court decision raises value of all content properties

Media stocks are rising after a federal judge ruled in AT&T's favor on its deal to acquire Time Warner. U.S. District Court Judge Richard Leon ruled Tuesday that AT&T could buy Time Warner with no conditions attached, denying a Department of Justice antitrust challenge. Time Warner and CBS shares