Charter Comms to buy Time Warner Cable

Charter Communications has agreed to buy media giant Time Warner Cable, in a deal which values the company at $78.7 billion. The proposed deal would combine the second and third largest cable operators in the US. Charter is also buying Bright House Networks, another cable operator, for $10.4bn. The combined firm will be a broadband services and technology company serving 23.9 million customers in 41 states. Read the whole story here