NJ OKs Charter/TWC Deal

Charter Communications (NASDAQ:CHTR) says it has received approval of its merger with Time Warner Cable (NYSE:TWC) and Bright House Networks from the State of New Jersey Board of Public Utilities. The deal received similar approval from the state of New York last month. Charter says it has now secured the necessary regulatory approval from all but two of the states it will serve as New Charter.

"We are grateful to the Board of Public Utilities and its staff, as well as the State of New Jersey Division of the Rate Counsel for their hard work during this important review process," said Adam Falk, senior vice president, state government affairs for Charter. "The New Jersey BPU approval is another important step towards closing our transactions. We are very pleased with the confidence in our company and our commitments to our future customers demonstrated by the actions taken today."