Giant cable merger cleared by regulators

The FCC and the Department of Justice approved Charter Communications’ $78 billion takeover of Time Warner Cable and its $10.4 billion purchase of Bright House Networks The new company will be prohibited from charging customers based on usage or put data caps, according to the two agencies The company also won’t be allowed to charge internet content providers fees for connecting them to customers The conditions will apply for seven years. The deal will affect one in six American households