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Charter-Time Warner Cable deal would create nation's 3rd-largest pay-TV service
Charter-Time Warner Cable deal would create nation's 3rd-largest pay-TV service

Charter Communications has reeled in its big prize, agreeing to purchase Time Warner Cable in a blockbuster deal that would make it the largest pay-TV provider in Southern California. The long-sought-after acquisition, announced early Tuesday, values Time Warner Cable at $78.7 billion. Charter also is planning to purchase Bright House Networks, a smaller cable provider, producing a new company with more than 20 million pay TV, Internet and phone subscribers in 41 states. The deal will need federal and state government approval. However, it is considered more likely to clear regulatory hurdles than Comcast Corp.'s recently scuttled purchase of Time Warner Cable. That’s partly...

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