NYC Franchise and Concession Review Committee Approves New Charter

The New York City Franchise and Concession Review Committee approved Charter Communications' buy of Time Warner Cable, said a resolution released Wednesday. The committee reviewed the deal and determined it complies with the terms and conditions of the franchise agreement, the resolution said. The committee also said the franchisee will have the technical, managerial and financial ability to comply with the provisions of the existing franchise agreement after the transaction is complete.