Charter Communications Plans To Buy Time Warner Cable

06:08

May 26, 2015

A Time Warner Cable truck is pictured in New York on Feb. 2, 2009. Charter Communications is close to buying Time Warner Cable. (Mark Lennihan/AP)

Charter Communications announced Tuesday that it is purchasing its larger rival Time Warner Cable for $56.7 billion. The deal would create the second-largest cable company in the country.

The deal comes a month after Comcast ended a bid to buy Time Warner, amid increased regulatory scrutiny. Derek Thompson, senior editor of The Atlantic, joins Here & Now's Jeremy Hobson to discuss the deal.

Guest

Derek Thompson, senior editor at The Atlantic. He tweets @DKThomp.

This segment aired on May 26, 2015.