Charter and Cox Announce $34.5 Billion Merger: What This Could Mean for Your Cable and Broadband

After feeling the heat from wireless providers and streaming services, traditional cable companies Charter and Cox are seemingly fighting back with the announcement of a merger. Charter, more commonly known as Spectrum, will buy Cox for around $34.5 billion, one of the largest deals in the industry over the last year. It'll also become a much bigger broadband service provider. Charter is the second-largest publicly traded cable company behind Comcast. With over 6.5 million customers, Cox is the third-largest cable company. Combined, they would become the largest cable TV and broadband provider in the US. According to Joe Supan, CNET senior broadband reporter, the deal between Charter and Cox completely upends the internet landscape. It's no secret that traditional cable companies have had to fight for customer interest against streaming services for years. Recently, the major TV outlet ESPN announced details about a standalone streaming service. Fox and Warner Bros. also unveiled sim ... Read full article.