News

Charter - Time Warner $78 Billion Merger

Published June 3rd, 2016 by Valerie

Despite public criticism and a civil lawsuit brought by the Justice Department's Anti-Trust division, in late April the FCC approved the merger that would make Charter Communications the second dominant broadband provider next to Comcast, with its purchase of Time Warner and absorption of Brighthouse Networks. Conditions on the deal include a 7-year prohibition on usage pricing and data caps, and FCC Chairman Wheeler said that the merger would benefit consumers, protect competition and increase broadband deployment. Critics say the opposite. Read more details about the deal at Motherboard

On May 12, all regulatory approvals were finalized, per Time Warner in their Investor News, and transactions closed successfully on May 18. Now there is speculation circulating about price gouging in the future to cover costs incurred from the merger. See City Watch for more details.

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