FCC chairman recommends approving Charter-Time Warner Cable deal, with conditions

Time Warner Cable headquarters in New York City.
(Image credit: Andrew Burton/Getty Images)

The chairman of the Federal Communications Commission announced on Monday he is recommending the approval of Charter Communications' $78 billion acquisition of Time Warner Cable.

The U.S. Justice Department also looked into the deal to ensure it does not violate antitrust laws, and on Monday it said it would allow the transaction to proceed, too. The agreement also covers Charter's $10.4 billion acquisition of Bright House Networks, the Los Angeles Times reports. FCC chairman Tom Wheeler said he proposed several conditions for Charter that would last seven years, specifically that they won't be able to impose data caps or charge usage-based prices and interconnection fees.

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Catherine Garcia, The Week US

Catherine Garcia has worked as a senior writer at The Week since 2014. Her writing and reporting have appeared in Entertainment Weekly, The New York Times, Wirecutter, NBC News and "The Book of Jezebel," among others. She's a graduate of the University of Redlands and the Columbia University Graduate School of Journalism.