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Short Take: Charter to acquire Renaissance Media

Charter Communications, a private cable TV operator, has signed a definitive agreement to buy Renaissance Media Group, a cable company serving 130,000 subscribers in Louisiana, Mississippi, and Tennessee. Terms of the deal were not disclosed. The purchase is Charter's fifth in the last month and third within a week. Charter will have more than 3 million subscribers when its various deals close, putting it close in size to No. 6 operator Cablevision.

Charter Communications, a private cable TV operator, has signed a definitive agreement to buy Renaissance Media Group, a cable company serving 130,000 subscribers in Louisiana, Mississippi, and Tennessee. Terms of the deal were not disclosed. The purchase is Charter's fifth in the last month and third within a week. Charter will have more than 3 million subscribers when its various deals close, putting it close in size to No. 6 operator Cablevision.