Charter nabs Bright House in latest pay-TV deal
Charter buying Bright House for $10.4 billion is the latest big deal in the pay-TV industry. Companies want to merge as costs for channels like ESPN have shot up, while their video subscribers have dipped and online video providers like Netflix become more popular. Combining gives them more negotiating power against programmers such as The Walt Disney Co. Last year, Comcast said it was buying Time Warner Cable for $45 billion, and AT&T is purchasing DirecTV for $48.5 billion. Both…
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