Report about Charter Communications attempt to buy Time Warner, according to The New York Times.
Report for May 26, 2015, but can run a few days later.
The New York Times and other outlets reported that Tue., May 26 Charter Communications will announce a $55 billion deal to buy Time Warner Cable, and a $10 billion takeover of Bright House Networks. Last month, Comcastâs attempt to buy Time Warner fell apart after regulatory scrutiny at the Federal Communications Commission about the number one and two cable and internet companies in the country. Charter is is not as larger, but several regulatory agencies would still have to approve the deal. âThe two acquisitions will approximately quadruple Charterâs customer base to about 24 million, compared with Comcastâs 27 million,â the story says. Last year AT&T bought the satellite television operator DirecTV for $48.5 billion. âIt does not look to be nearly as big an antitrust concern as the Comcast deal was,â Gene Kimmelman, the chief executive of Public Knowledge, a consumer advocacy group, and a former antitrust official at the Justice Department, told the paper about the Charter deal. âIn this instance, youâre combining the number two company with a smaller player that can be a bit of a counterweight to Comcast.â See the full story in The New York Times.
Charter attempts to buy Time Warner May 26, 2015
Radio news about radio waves.
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May 26, 2015
Produced at Wave Farm/WGXC in the Hudson Valley, New York.
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