LOS ANGELES (AP) — Comcast announced on Monday a series of subscriber swaps designed to help clear the way for regulatory approval of its acquisition of Time Warner Cable. The reorganization of the nation’s cable grid will give Comcast a stronghold in major cities like New York, Los Angeles, Chicago, Dallas and Boston.

As part of the deal, the company will sell 1.4 million subscribers to Charter Communications Inc. for $7.3 billion in cash and spin off another 2.5 million subscribers into a company in which Charter will take a one-third stake. Charter is restricted from boosting its stake in the spinoff company for two years, although analysts expect it to increase the stake over time.

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