Just weeks after the collapse of the Comcast bid, Charter Communications is buying NY1 parent company Time Warner Cable in a $55.33 billion deal.
Time Warner Cable is the nation's second-largest cable provider, while Charter is the fourth.
Bright House Networks, a smaller cable company, would also be bought for more than $10 billion and combined with the new Charter-Time Warner Cable.
Time Warner Cable has been in play for the past month since its plan to merge with Comcast fell apart over objections from regulators.