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Charter Communications buying Bright House Networks

in The Bay and the 'Burg/Top Headlines by

Charter Communications Inc. is buying fellow cable operator Bright House Networks LLC in a deal valued at $10.4 billion. Charter is the fourth-largest cable operator in the U.S, while Bright House is the sixth biggest with customers in Florida, Alabama, Indiana, Michigan and California. The Bright House transaction would make the new company the second-largest U.S. cable operator. The deal comes as cable operators are scrambling to consolidate amid growing competition from non-cable programming suppliers such as Netflix. Charter had…

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