Morning Update: behind the AT&T Time Warner buy-out; NYT reviews series in wrong order; Facebook’s shared content loophole

Vox: AT&T buying Time Warner looks like an ego-driven mistake

Unless regulators are asleep at the wheel, this is bad for businesses.

When word leaked on Friday that AT&T, the wireless carrier that also owns Direct TV and the smallish U-Verse wireline fibre-optic service, was preparing to purchase Time Warner, shares of the telecom utility immediately plummeted and those of the media conglomerate soared. In subsequent days, analysts have put forward various versions of the story from insiders in both companies as to why this is a good idea.