NEW YORK (Reuters) – Charter Communications Inc executives are exploring whether to launch an online video service as part of its combination with larger rival Time Warner Cable Inc, in what would be an unprecedented move in the cable industry.
The $56 billion takeover announced on Tuesday would make Charter the No. 2 U.S. Internet and cable company after Comcast Corp. Charter’s top shareholder John Malone, a cable industry pioneer, is on record as being a fan of streaming TV over the Internet.
And Tom Rutledge, who would run the combined Charter-Time Warner Cable, has now opened the door to establishing the cable industry’s first competitor to services like Netflix Inc and Hulu.
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