The deal would make the combined company a major rival to Comcast Corp. Comcast last month abandoned its own bid for Time Warner following concerns raised by the Justice Department.
The Justice Department had raised concerns over the proposed $45.2 billion merger, which would have brought nearly 30 percent of TV and about 55 percent of broadband subscribers under one roof.
Company officials met with regulators who are considering whether to back the proposed $45 billion merger. A group of senators say the deal should be rejected, calling it anti-competitive.