The combination of AT&T and Time Warner will create a media-telecommunications firm that is much larger than Comcast, the giant cable TV distributor that purchased NBC Universal five years ago. It also makes AT&T a major media power player after its acquisition last year of DirecTV for $48.5 billion.
The U.S. Justice Department on Monday gave antitrust approval to Charter Communications Inc’s to purchase Time Warner Cable Inc and Bright House networks, which would create the second-largest U.S. broadband provider and third-largest video provider.
The Justice Department’s approval was met with certain conditions designed to protect competition, coming at a time when the pay television industry faces stagnation due to new competition from over-the-web rivals like Netflix and Hulu. Charter agreed to refrain from telling its content providers that they cannot also sell shows online
Bloomberg reported Tuesday that Apple and Time Warner Cable are about to close a deal that would bring new channels to the computer maker’s set-top box, Apple TV, for subscribers of the cable television service. A deal would bring the set-top box a significant influx of channels, and its first flood of live ones. Apple has been expanding its offerings on the device, which connects Web videos and other media to the traditional television but lacks the the broad array of channels that its chief competitor Roku offers. Roku already has Time Warner Cable content streaming 300 channels through it where you can view TV through your iPhone iPad or computer.