New York orders Charter out of state, says it must sell Time Warner Cable system
The New York State Public Service Commission voted to revoke its approval of Charter Communications' 2016 purchase of Time Warner Cable. The PSC said it is ordering Charter to sell the former TWC system that it purchased in New York, and it's "bring[ing] an enforcement action in State Supreme Court to seek additional penalties for Charter's past failures and ongoing noncompliance." Charter has repeatedly failed to meet deadlines for broadband expansions that were required in exchange for merger approval, state officials said.
