FCC Officially Approves $90 Billion Telecom Merger

The Federal Communications Commission (FCC) has approved a $90 billion merger between three telecom corporations, a move that consumer advocates warn will create a "price-gouging cable giant."

According to FCC chairman Tom Wheeler, the conditions of Charter's acquisition of Time Warner and Bright House Networks will include data caps for broadband customers and fees for online services, including for video providers.  Read more.