By Jennifer Saba
The author is a Reuters Breakingviews columnist. The opinions expressed are her own.
The Justice Department sued to block AT&T's $39 billion deal to buy T-Mobile USA because eliminating T-Mobile as a competitor would be disastrous for consumers and would raise prices, particularly because the smaller provider offers low prices, the lawsuit said. The lawsuit is a serious attempt to halt a "fundamentally flawed" deal, not a tactic to wring out-sized concessions from AT&T, a source familiar with the lawsuit said.
But there is already a bit of a backlash, and a new awareness that the world wide (open) web may compare favorably to the walled gardens available on the iPad and other tablets.
News and views on the asset management industry from Reuters and elsewhere:
It's not hard to see why newspaper companies, saddled with plunging circulation and big iron presses , are so ecstatic over tablet devices. They bring a form of hope that hasn't crossed this industry's path since newspapers dominated classified advertising in the 1980s and 1990s making them fat with revenue and profits. Tablet computers, like Apple's iPad and Samsung's Galaxy Tab, just might spark renewed interest in wilted newspapers among consumers and help ease the legacy costs of paper and ink.