U.S. approves Charter’s Time Warner Cable buy with conditions

April 25, 2016 9:45 PM

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U.S. approves Charter’s Time Warner Cable buy with conditions

WASHINGTON The U.S. Justice Department on Monday gave antitrust approval to Charter Communications Inc's (CHTR.O) proposed purchase of Time Warner Cable Inc (TWC.N) and Bright House networks, which would create the second-largest U.S. broadband provider and third-largest video provider.

The Justice Department's approval carried conditions designed to protect competition, coming at a time when the pay television industry faces stagnation due to new competition from over-the-web rivals like Netflix (NFLX.O) and Hulu.

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