DOJ, FCC chairman ok Charter/Time Warner Cable deal, with a few caveats
Charter and Comcast set to control 70% of high-speed Internet connections.
The FCC and Justice Department approved the $78 billion deal today. So… on one hand I suppose we can say "nicely done…" as the FCC will ban Charter Communications from imposing usage-based prices, impose data caps or from charging interconnection fees as part of the merger (as in they can't charge Hulu or Netflix extra just because they send tons of traffic to end users. On the flip side… WHY did this need to happen? Now we're consolidating into even LESS options? I can't think of a single thing about this that serves the public interest.