FCC signs off on Charter purchase of Time Warner

OREANDA-NEWS. April 26, 2016. Federal Communications Commission Chairman Tom Wheeler on Monday said he's recommending the agency's commissioners approve the deal.

Separately, the US Department of Justice said it will allow the \\$78 billion deal to go ahead. It also approved Charter's \\$10.4 billion purchase of Bright House Networks.

The Justice Department said it is proposing a settlement that would restrict Charter's ability to make it harder for streaming services like Netflix and Hulu to get video content from programmers. Wheeler is proposing conditions that would bring high-speed Internet to more homes.