Home | About | Donate

FCC Approves Merger to Create Price-Gouging Cable Giant


#1

FCC Approves Merger to Create Price-Gouging Cable Giant

WASHINGTON - According to several news reports, the Federal Communications Commission has voted to approve Charter Communications’ $90 billion takeover of Time Warner Cable and Bright House Networks.

The merger combines the nation’s second-, third- and sixth-largest cable-TV and Internet providers. After the merger closes, two Internet service providers, Charter and Comcast, will control nearly two-thirds of the nation’s high-speed Internet subscribers.

###