Several forces seem to be working against a potential merger between AT&T (T) and Time Warner (TWX), but a deal between the two media giants is still likely to get done.

That's according to Hedgeye Telecommunications & Media Policy sector head Paul Glenchur, as he lays his latest thinking regarding the merger in the detailed 10-minute video below.

Antitrust violation has been a concern of democratic legislators, but as Glenchur says:

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