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Chris DeMuth's State of the Markets February 2023

Yet Another Value Podcast

CHAPTER

The FCC Kills Deals

nowhere in the federal government is there as much broad amorphous discretion as at the FCC and nowhere has that kind of metastasized farther away from any statutory intent they can ask for whatever they want. There's a bigger constitutional philosophical stake but that's not one that any companies will position to attack. So let me go to the next question so when you were preamlin it you said hey this how the FCC killed this this kills deals and I think a lot of people might hear that and say oh you know we're going to talk about Microsoft Activision a second Microsoft Activision they're getting blocked and they're suing why can't standard you know they seem done though to do this merger?

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