What ‘New Charter’ might mean for you
Remember last month when the cable behemoth Comcast scrapped its $45 billion merger with Time Warner Cable? And remember how Comcast was worried that the government wouldn’t sign off on a deal that let Comcast rule the world … metaphorically speaking, of course?
Well, here we are a month later, and instead of one cable and internet conglomerate, it looks like we’re going to have two. Charter Communications announced this morning it’s going to pay $55 billion for Time Warner Cable and another $10 billion for Bright House Networks, a different cable provider.
If the bid makes it past regulators, and the early betting is that it will, the new company will have nearly 24 million customers.
But don’t think that all of a sudden you are going to have a whole lot of choice when it comes to your cable company or that your bill will change that much.
Listen for more (and a pretty great nose picking analogy).
There’s a lot happening in the world. Through it all, Marketplace is here for you.
You rely on Marketplace to break down the world’s events and tell you how it affects you in a fact-based, approachable way. We rely on your financial support to keep making that possible.
Your donation today powers the independent journalism that you rely on. For just $5/month, you can help sustain Marketplace so we can keep reporting on the things that matter to you.
