Quick End to Charter/TWC/BHN Conditions Likely, Cowen's Gallant Says

The FCC is likely to grant Charter's petition to end conditions from the 2016 Time Warner Cable and Bright House Networks deal (see 2006180050), perhaps before the November election, Cowen's Paul Gallant wrote investors Friday. FCC Chairman Ajit Pai was a critic of the conditions then and the over-the-top market has boomed since, the analyst noted. The speed at which the FCC requested comment on the petition suggests the agency will act quickly, he said.