FCC Closing In On Approving Charter-Time Warner Cable Merger, With Conditions: Report

FCC Chairman Tom Wheeler is planning to circulate a draft order soon approving Charter Communications’ $55 billion takeover of Time Warner Cable, The Wall Street Journal reported. The move could happen this week.

The report says the federal greenlight would come with a number of Federal Communications Commission Set To Vote On Net Neutralityconditions, notably targeting efforts to buoy online video as a competitor to cable TV. Citing sources, WSJ said one stipulation would prohibit Charter from including clauses in its pay-TV contracts that restrict a content company’s ability to offer its programming online or to new entrants in the space.

Wheeler’s recommendation would go to the other four FCC commissioners for their review, and a majority vote is needed for approval. There could be modifications to the order, but signs point to approval of the mega-merger that was proposed in the wake of NBCUniversal parent Comcast’s failed bid for TWC last year.

The deal would unite the No. 2 and No. 3 cable and Internet providers in the U.S., but opponents of the deal worry that it would reduce competition.

This article was printed from https://deadline.com/2016/03/charter-time-warner-merger-fcc-approval-soon-1201721238/