Charter strikes deal to buy Time Warner Cable

Charter Communications Inc., of which media mogul John Malone's Liberty Broadband Corp. is the biggest shareholder, inked a cash-and-stock deal to buy Time Warner Cable Inc. in the wake of Comcast Corp.'s failed attempt to take over TWC. Charter is offering between $55 billion in cash and stock, which would once again make cable pioneer Malone a guiding force of the domestic cable industry. Including debt, the offer values TWC at $78.7 billion. Charter is the nation's No. 4 cable company and TWC…