If the AT&T/Time Warner deal gets final approval, it looks some major reorganization is in store. News outlets including Bloomberg, Reuters and The Wall Street Journal report that, once the acquisition is completed, AT&T plans to separate its media and telecommunications businesses, with each unit run by its own CEO. For the media division, that CEO will be John Stankey, who currently heads up DirecTV and other entertainment businesses. Though interestingly enough, the reports suggest that DirecTV actually may be shifted into the unit that focuses on AT&T’s traditional telecom business; John Donovan, who currently heads up technology and operations for the company, will oversee that division. Current AT&T CEO Randall Stephenson will reportedly maintain his role as CEO of the entire company.

In splitting up its media and telco businesses, AT&T may be trying to head off antitrust concerns. But for some organizations, those concerns remain. A group of 14 advocacy groups, including Public Knowledge and the Consumer Federation of America, recently sent a letter to the Department of Justice arguing that the AT&T/Time Warner merger would allow the company to “utterly dominate” the video distribution market. “Buying Time Warner would incentivize and enable AT&T to cement its dominance and benefit itself, at the expense of pro-consumer competition in the video distribution market,” the coalition argued. As things stand now, the merger is favored to land the government’s seal of approval – but it’s definitely not a done deal.