Comment on Charter deal seeks to keep cable consolidation on track

Charter deal seeks to keep cable consolidation on track

Cable companies are bulking up to survive as the number of cable and satellite TV subscribers slips — more consumers are "cutting the cord" — and competition from streaming video rises, thanks to rivals such as Netflix Inc. They also must fight TV channels over the cost of programming. A. Consumer advocates fiercely opposed Comcast Corp.'s $45 billion takeover bid for Time Warner Cable, which would have married the nation's two biggest cable providers. Regulators worried that the combination would be too dominant in high-speed Internet service and might undermine the streaming-video industry that is changing TV viewing. France's Altice S.A., said to be a failed bidder for Time Warner Cable, last week bought a controlling stake in Suddenlink Communications. [...] AT&T, long synonymous with phones but now involved in Internet and more, is paying $48.5 billion for satellite-TV provider DirecTV, which competes directly with the cable guys.

 

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