Regulators said more time is needed to examine recent filings on the deal’s potential impact to the distribution of TWC’s regional sports networks – TWC SportsNet and SportsNet LA – as well as Charter’s residential pricing and packaging methods.
The FCC will pause its 180-day informal time block for 15 days, until January 20 2016.
“We believe this action will contribute to a more efficient and expeditious review of the proposed transaction,” said the regulatory body.
In May 2015, Charter announced its acquisition of TWC and Bright House Networks in a cash-and-stock deal valued at $55.1 billion, making it the second largest internet and cable company. Charter said last year that it plans to complete the merger in Q1 2016.
