Comcast, Charter Said to Weigh Time Warner Cable Breakup

Comcast Corp. (CMCSA) and Charter (CHTR) Communications Inc., aiming to reshape the cable industry, have discussed a joint bid to buy Time Warner Cable (TWC) Inc. and divvy up its customers, people with knowledge of the matter said.

Each company’s coverage area could be enhanced by adding parts of Time Warner Cable’s network, said the people, who asked not to be identified because the matter is private. The talks between Comcast and Charter have been preliminary, and a Time Warner Cable breakup is one option amid several under consideration, the people said.