But Charters strategy, he continued, has never been dependent on M&A.

You do that by being a great operator.

You do that by saving customers lots of money, providing great service.

Comcast and Charter

Comcast and CharterGetty

The two companies already participate in a joint venture on connected-TV service Xumo.

Running a business well, Winfrey acknowledged, opens acquisition opportunities over time.

Beyond the family control element, Winfrey said, is the complicated matter of regulatory review.

Jon Stewart dons a Gandalf-esque beard on ‘The Daily Show’

While the Charter-connected CEO of Warner Bros. A judge sided against the DOJ and the deal ultimately closed after nearly three years of red tape.

The door for M&A, theres also a lot of chatter that its wide-open, Winfrey said.

But I dont think its wide-open.

Favorable opinion of a combination is not unanimous on Wall Street, of course.

The economic and political considerations argue against the deal, not for it.