Change may be coming to millions of California cable TV and broadband users. A looming $78.7 billion merger between Time Warner Cable and Charter Communications would have a major impact on California’s cable TV and broadband markets, with the new entity, called New Charter, serving nearly four of every 10 customers in the state.
A national merger between communications giants Comcast Corp. and Time Warner Cable could lead to an unprecedented consolidation of California cable and broadband markets. The pending $45 billion merger would grant Comcast — already the state’s No. 1 cable provider — a greater share of the California market, stretching from northern California and San Francisco Bay area and Sacramento region, down the Central Valley through the Los Angeles basin, east to the Nevada and Arizona lines and southeast to the Mexico border.