Although it hasn't been approved by the Federal Communications Commission, it likely will. Charter Communications will buy Time Warner Cable for more than $55 billion and the smaller Bright House Networks for over $10 billion.

What does this mean to us? It means we'll be served by the country's second largest cable company with 24 million subscribers (Comcast is #1 with 27 million).

It means that we'll be serviced by a company whose focus is more on broadband internet and streaming and less on pay television.

Initially, there won't be a noticeable change but, going forward, we may see big changes in the speed of our internet connections (meaning faster) and in how we pay for services. We will also see a move toward more streaming options.

Comcast, the nations largest cable provider, recently lost a bid to buy Time Warner.

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