Report: Charter, TWC Merger To Be Approved Today

The three-way merger of Charter, Time Warner Cable, and Bright House Networks will be formally approved later today, reports say.

Sources in the know, speaking with The New York Times under condition of anonymity, said that the Department of Justice and FCC would both announce their approval of the condition later this afternoon.

Both the FCC and the DOJ will be putting conditions on the merger to preserve competition for online video streaming and to prohibit the new Charter from forming anticompetitive deals to block programming from also being available online, sources tell the NYT.