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FCC Moves to Approve Wasteful Cable Merger, Sticking American Consumers with the Bill


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FCC Moves to Approve Wasteful Cable Merger, Sticking American Consumers with the Bill

FreePress

WASHINGTON - The Federal Communications Commission today circulated an order to approve Charter Communications’ $90 billion takeover of Time Warner Cable and Bright House Networks.

The deal was also approved by the Justice Department. The merger combines the nation’s second-, third- and sixth-largest cable-TV and Internet providers. With this approval just two Internet service providers, Charter and Comcast, would control nearly two-thirds of the nation’s high-speed Internet subscribers.

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