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it's official charter communications announcing plans tuesday to merge with larger arrival time warner cable for nearly seventy nine billion dollars the cable and broadband providers joining forces as online streaming services like netflix grab customers and growth in the traditional pay television industry stagnate , carter is also buying bright house networks , stick largest u. s. cable operator for about ten billion dollars , the combined companies would drive america's top cable and internet provider comcast , comcast owned it for time warner cable fell through last month , after opposition from anti trust regulators , the federal communications commission chairman did reach out to both charter and time warner last week , today the agency is not opposed all cable deal , the cash and stock deal valued time warner cable at a hundred and ninety six dollars per share