Unlimited Access. Try it Today! Your First 10 Days Always $0.99

Topics

Charter Communications, Inc.
Charter nabs Bright House in latest pay-TV deal

Charter buying Bright House for $10.4 billion is the latest big deal in the pay-TV industry. Companies want to merge as costs for channels like ESPN have shot up, while their video subscribers have dipped and online video providers like Netflix become more popular. Combining gives them more negotiating power against programmers such as The Walt Disney Co. Last year, Comcast said it was buying Time Warner Cable for $45 billion, and AT&T is purchasing DirecTV for $48.5 billion. Both are under long-running regulatory reviews. But the Comcast-Time Warner deal has raised concerns from competitors and consumer and Internet advocates, who say too much of the country's Internet access...

Loading