Charter Communications and Advance/Newhouse, the parent company of Bright House Networks, jointly announced they have extended their negotiating period an additional 30 days.
In a news release, the two companies said they remain committed to completing their previously announced agreement for Charter to acquire Bright House Networks for $10.4 billion.
Bright House Networks serves approximately 2 million video customers in the Orlando and Tampa Bay markets, as well as Alabama, Michigan, Indiana and California.
Tom Rutledge, president and CEO of Charter Communications said, "Bright House and its employees have created a high quality service operation, and the addition of Bright House brings additional scale and strategic flexibility to Charter over time. We look forward to completing the transaction as planned, and our teams are working together to make that happen."
Steven Miron, chief executive officer of Bright House Networks said, "We continue to be excited about the transaction with Charter. We believe this combination positions the new company to become an industry consolidator and growth platform to develop innovative products in serving customers, growing market share and creating value for shareholders."
Bright House Networks is the parent company of Bay News 9, News13, Bright House Sports Network and InfoMás.