NEWS ITEM: Charter to buy Time Warner Cable and Bright House

Charter Communications on Tuesday proposed a three-way merger with two other cable and broadband providers, Time Warner Cable and Bright House Networks. Charter is backed by the billionaire cable pioneer John Malone and has operations in several states including Georgia.

CNN Money reports that If the deal is approved by government regulators, the combined company will stand next to Comcast, AT&T, and Verizon as a media giant that is shaping the future of television-watching and web-surfing.

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