×
You will be redirected back to your article in seconds

FCC Moves Closer to Approving Charter-Time Warner Cable Merger (Report)

The FCC appears to be moving closer to approving the $55 billion merger of Charter Communications and Time Warner Cable.

The Wall Street Journal reported late Tuesday that FCC chairman Tom Wheeler is expected to circulate a draft proposal this week for approving the mega cable merger, with some conditions. A majority of the five FCC commissioners must vote in favor of the agreement for the deal to win approval. The Journal reported that the FCC’s expected action is a signal that the Justice Department, which has also been reviewing the merger, is prepared to also give its blessing.

Among the conditions expected would be provisions relating to Charter’s broadband service offerings and limits on the company’s ability to prevent cable programmers from selling their channels to rival digital distributors. The impact of a bulked-up Charter on the nascent market for streaming channels has been a focus of the debate around the deal that would make Charter the second-largest cable operation behind Comcast.

In addition to Time Warner Cable, Charter is also poised to acquire the smaller Bright House Networks for $10.4 billion, bringing the enlarged company’s subscriber count to 17.3 million video subscribers and 19.4 million broadband subs.

Charter, with backing from cable mogul John Malone’s Liberty Broadband, swooped in last year to cut a deal with Time Warner Cable after Comcast’s deal to buy TW Cable was scrapped in the face of overwhelming opposition in Washington.

More TV

  • Pete Davidson photographed by Peggy Sirota

    Pete Davidson Posts Unsettling Message, Deletes Instagram

    UPDATED: “Saturday Night Live” cast member Pete Davidson posted a disturbing message Saturday morning stating he doesn’t “want to be on this earth anymore,” then deleted his Instagram account. In the post, Davidson wrote, “I’m doing my best to stay here for you but i actually don’t know how much longer i can last. all [...]

  • Disney Channel Fires 'Andi Mack' Actor

    Disney Channel Fires 'Andi Mack' Actor Arrested for Plotting Sex With Minor

    Disney Channel has severed ties with “Andi Mack” actor Stoney Westmoreland following his arrest for allegedly trying to arrange a sexual encounter with a 13-year-old. “Stoney Westmoreland, an actor working on the series ‘Andi Mack,’ was arrested in Salt Lake City today,” a Disney Channel spokesperson said in a statement Friday. “Given the nature of [...]

  • Russian Doll

    TV News Roundup: Natasha Lyonne's 'Russian Doll' Sets Netflix Premiere Date

    On Friday’s roundup, Netflix announces the premiere date for “Russian Doll” and Benedict Cumberbatch’s “Brexit” film has a premiere date on HBO FIRST LOOKS Showtime has released a new teaser for the upcoming comedy series, “Black Monday,” which will premiere Sunday, Jan. 20 at 10 p.m. ET/PT. The series stars and is executive produced by Don [...]

  • Vanity Fair Review

    TV Review: 'Vanity Fair'

    There’s something comforting about the predictability of a period piece novel adaptation in the Masterpiece Theater tradition. Knowing the story, or even just the rhythms of the genre, there are rarely many surprises. The women will toss off witticisms and cry careful, pretty tears; the men will steel their jaws and declare their love, ideally [...]

  • FILE - In this April 5,

    CBS Claims Commitment to Ending Harassment. Its Actions Say Otherwise (Column)

    At this point, a new breaking sexual harassment case at CBS isn’t exactly a surprise. Over and over again, powerful CBS company men from producers to executives to the ex-CEO himself have made headlines for propagating decades of harassment and abuse, with dozens of witnesses affirming that the pattern was business as usual. But as [...]

  • Willow ShieldsVariety Portrait Studio, Beautycon Festival

    'Hunger Games' Alum Willow Shields Joins Netflix Drama Series 'Spinning Out'

    Willow Shields has been cast in a series regular role in “Spinning Out,” the upcoming ice skating drama series at Netflix. She joins a cast that also includes Kaya Scodelario, who was announced as the series lead on Thursday, taking over the role originally held by Emma Roberts. Shields will star as Serena, Kat Baker’s (Scodelario) [...]

More From Our Brands

Access exclusive content