FCC Clears Charter-TWC Deal

By on May, 6 2016 with Comments 0

Charter-TWCThe FCC has approved the Charter Communications acquisition of Time Warner Cable and Bright House Networks.

The agency said more information would be forthcoming in a few days.

California regulators still need to okay the merger, which would create the second-largest cable company in the U.S. They are set to vote May 12.

FCC Chairman Tom Wheeler had said he was okay with the $55.1 billion deal, we reported.

Most lately, two more commissioners voted in favor, Bloomberg reported.

The DOJ approved the transaction April 25 and both agencies conditioned approval on Charter agreeing to restrictions designed to prevent it from interfering with online video that competes with cable entertainment packages.

 

About The Author: Leslie Stimson has been a reporter for 35+ years, starting in radio news. She’s spent the last 20 years reporting for radio trades.

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