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00:00:00
forget about t. v. it's cash from broadband that really the prize of tuesday's multibillion dollar three way deal in the cable industry time warner cable being bought when i popping seventy nine billion dollars win cash stock and debtor thrown in by buyer charter communications which is also acquiring bright house to create a company with twenty four million customers in forty one states , i'm robert reporter congregations in new york the cable industry has been , but adding high speed internet or broadband you , driving revenue , now if this deal goes through one analyst says the new , could have more than , of that , which of market , and that will help fight back competition in two ways number one by time warner cable becoming part of a larger entity with bigger sales that new company will have more money to presumably come up with its own distinctive content to take on netflix hulu and h. b. o. now number two it could also have more money to experiment with smaller pay t. v. packages aimed at winning over customers threatening to pull the plug or never signed up at all complaining of too many channels and too high monthly bills the new charter pledging to invest in more broadband access faster speeds and more public wifi will better stack up against market leader comcast still licking its wounds after regulators earlier this year blocked attempts to add time warner cable to its media empire