The maligned merger between Charter Communications, Time Warner Cable, and Bright House Networks is complete, which means the three companies have now become the country’s second-largest cable provider, despite months of warnings from consumer and open internet advocates who assailed it as the creation of a ‘price-gouging’ monster.
Charter ultimately paid $55 million to purchase Time Warner Cable and $10.4 billion for Bright House Networks. The Federal Communications Commission (FCC) and the U.S. Department of Justice (DOJ) approved the acquisition earlier this month with several caveats—including a ban on data caps and TV exclusivity deals that would harm competition—but opponents warn that the deal is still bad news.
“[T]here is some solace that, if rigorously enforced, these conditions should eliminate the more egregious harms this merger could cause while creating a baseline for acceptable industry behavior,” Public Knowledge senior staff attorney John Bergmayer said at the time.