Originally Appeared in The Street
By Rebecca McClay
November 20, 2015
Charter Communications (CHTR ) is lacing up its gloves to try to become the new heavyweight champion in video streaming.
With its $79 billion acquisition of Time Warner Cable (TWC) expected to close in the first quarter, Charter may have the right mix of content and service to offer the kind of streaming TV platform that the industry has long lacked, a vacuum Netflix (NFLX) was quick to fill.
“The scale that Charter acquires will help them as consumers switch to over-the-top” Internet streaming, S&P Capital IQ media analyst Tuna Amobi said in a phone interview. The new Charter will be a stronger competitor against both satellite television and the telecommunications companies like Verizon (VZ) and AT&T (T), he said.