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If Comcast wins regulatory approval to buy Time Warner Cable, Charter Communications is poised to become the second largest cable operator, thanks to a complicated series of deals announced Monday morning.
The deal will reduce Comcast's postmerger subscribers holdings by 3.9 million to be less than 30 percent of national cable subscribers, a promise it made to regulators when it announced the $45 billion deal to acquire Time Warner Cable. Although the 30 percent cap is not a legal limit, it's a comfort zone for regulators that tried to make it law over the years.
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