NEW YORK (TheStreet) -- DirecTV (DTV) advanced after the Federal Communications Commission (FCC) chairman gave his approval of the merger with AT&T (T) - Get Free Report. Charter Communications (CHTR) - Get Free Report advanced after reports surfaced it was close to wrapping up its Time Warner Cable (TWC) bid.
DirecTV jumped 0.31% to close at $92.83, on a day when the broader markets fell.
The digital entertainment company apparently got a boost after FCC Chairman Thomas Wheeler on Tuesday recommended to the commissioners that they approve DirecTV's merger with AT&T, according to a report in The Wall Street Journal.
The four commissioners who reviewed the order are expected to sign off on the $48.5 billion deal, according to The Journal. The proposed telecom merger with DirecTV and AT&T is just one of several deals that are in the works in the industry.
Charter Communications rose 0.43% to end the session at $186.06.
The telecommunications company advanced as reports surfaced that it was close to wrapping up its $78.7 billion merger for Time Warner Cable, according to a report in the Charlotte Business Journal.
Earlier this month, Charter hired lobbyists to help push the merger forward with regulators and government officials in Washington, D.C., the report noted. Some of the lobbyists included people who had previously served on President Obama's staff.
This article is commentary by an independent contributor. At the time of publication, the author held no positions in the stocks mentioned.