In a time where the headlines constantly reiterate the decline of linear and the rise of the streaming wars, cable giants Charter Communications and Cox Communications announced they’ve reached an agreement to merge in a $34.5 billion deal. Charter is the second-largest cable company in the U.S. after Comcast, and its combination with Cox creates a massive cable and internet enterprise.

“We’re honored that the Cox family has entrusted us with its impressive legacy and are excited by the opportunity to benefit from the terrific operating history and community leadership of Cox,” Chris Winfrey, president and CEO of Charter, said in a statement.