For TV startups, AT&T’s Time Warner deal poses a ‘Game of Thrones’ dilemma

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“When you play the game of thrones,” a Machiavellian royal with an eye on the crown tells a rival, “you win or you die.”

The line, adapted as the title of both HBO’s wildly popular series and the George R.R. Martin novel that inspired it, illustrates the stakes for independent television networks in AT&T’s takeover of Time Warner, a deal the U.S. government is attempting to block.

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