NEW YORK/WASHINGTON Constitution Communications Inc, in search of to remake the U.S. cable tv industry by acquiring larger rival Time Warner Cable Inc for $fifty six billion, will try to skirt the regulatory obstacles that helped sink Comcast Corp’s earlier bid for Time Warner Cable.

Charter has agreed to purchase Time Warner Cable, and the $fifty five billion deal needs regulatory approval. That may account for a few of Constitution’s shyness in describing its streaming experiment. Netflix, Hulu and the other streaming opponents all reach their prospects via broadband pipes owned by the cable TELEVISION suppliers. The merger would give the brand new mixture a 21 p.c share of the nation’s broadband.

Constitution, mixed with Time Warner Cable and Bright Home, could have practically 24 million customers, in contrast with Comcast’s 27.2 million. It can additionally lag AT&T, whose pending cope with DirecTV would give it 26.four million U.S. TELEVISION … Read the rest