Originally appeared in Business Journal Staff
January 28, 2016
The Los Angeles Times reported Thursday that a four-hour hearing in Downtown L.A. staged by Charter Communications to get public reaction to its $67-billion plan to buy Time Warner Cable and Bright House Networks drew dozens of enthusiastic supporters – and some vocal critics.
During the session, Charter discussed plans to provide affordable Internet service for some of Southern California’s poor residents, a key selling point for community group leaders in attendance. Charter pledged to begin offering low-income students and seniors a $14.99-a-month high-speed Internet service plan within six months of the merger closing. The plan would offer Internet speeds at around 30 megabits per second, higher than what is typically offered in lower-priced Internet plans available to poor consumers.