Charter Spectrum, New York near deal that would let cable giant stay

Charter Spectrum and New York regulators appear to be inching closer to a deal that would allow the cable giant to remain in the state.

New York’s top utility regulator on Monday acknowledged the company — the state’s largest cable provider with more than 2 million customers — and the state have been exchanging possible “frameworks” for a deal and are considering them.

John Rhodes, the Public Service Commission chair, suggested the two sides could strike a deal on the basic terms of a settlement within two weeks and a final, written agreement in four weeks, according to an order he filed.

The state commission voted in July 2018 to effectively kick Charter out of the state, giving the company 60 days to come up with a plan to sell off its New York operations to another provider.

Since then, Charter and the state have been negotiating a possible deal to settle the dispute, which would allow the company to remain in New York.

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