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Charter Communications announces deal to buy Time Warner Cable
Charter Communications announces deal to buy Time Warner Cable

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 and along with Charter's purchase of Bright House Networks will produce a company with 23.9 million subscribers in 41 states. The deal needs the federal government's 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 because the combined company would be smaller, with 17.3...

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