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Planned Charter Mega-Merger Does Nothing to Benefit Customers or Boost Competition


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Planned Charter Mega-Merger Does Nothing to Benefit Customers or Boost Competition

WASHINGTON - Charter Communications on Tuesday announced plans to acquire Time Warner Cable in a deal valued at $56.7 billion. Charter also confirmed that it would acquire Bright House Networks, a smaller cable company, for $10.4 billion.

The combined mergers would grow Charter’s customer base to approximately 24 million, creating the nation’s second largest cable provider behind Comcast.

Free Press Research Director S. Derek Turner made the following statement:

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