Charter Lands NYC OK to Acquire Time Warner Cable

Bloomberg: Charter Communications has won approval from New York City to acquire Time Warner Cable, inching closer to becoming the second-largest cable operator in the country. The $55.1 billion deal would create a larger No. 2 cable provider behind Comcast, with customers in cities including Los Angeles and New York. Charter and supporters of the deal are still jockeying with critics during what could be federal regulators’ final weeks of reviewing the merger.