Charter Communications, Inc. (CHTR) - NASDAQ
  • Feb. 3, 2015, 12:06 PM
    • Charter Communications (NASDAQ:CHTR) is up 2.3% after Canaccord Genuity reaffirmed its Buy rating on the stock ahead of Charter's Thursday earnings report.
    • Canaccord thinks Comcast's (NASDAQ:CMCSA) Time Warner Cable (NYSE:TWC) purchase will get done, sending 1.4M customers Charter's way as the combined Comcast-TWC divests them.
    • Canaccord's $182 price target is a 15.5% premium to Charter's current trading price of $157.59.
    | Feb. 3, 2015, 12:06 PM
  • Feb. 2, 2015, 4:19 PM
    • Speculation about how hard the FCC would come with new regulations on "net neutrality" tilts toward "more aggressive" as sources tell the WSJ the agency is seeking a significant expansion of its authority.
    • In summary, the changes would take mobile and fixed broadband firms (like T, TWC, VZ, CMCSA, CHTR, CVC, LBRDA) from being lightly regulated entities into a regulatory structure more like the traditional phone companies/telecoms, treating them more like public utilities.
    • The upshot: A ban on "paid prioritization," where service providers block or slow access to some websites/destinations depending on payments.
    • The rules would put interconnection (deals such as Netflix (NASDAQ:NFLX) arranges for content delivery) under Title II standards and the deals would be put to an "unjust/unreasonable" standard for evaluation.
    | Feb. 2, 2015, 4:19 PM | 22 Comments
  • Feb. 2, 2015, 3:48 PM
    • Investors are getting nervier about Comcast's (NASDAQ:CMCSA) $45B deal for Time Warner Cable (NYSE:TWC), Maureen Farrell notes.
    • TWC isn't just down nearly 10% YTD -- it's 10% below Comcast's offer value.
    • The FCC's recent broadband redefinition changes anticompetitive concerns as well: Using the old definition, the two cablecos controlled some 35-40% of the market, but the new definition means controlling 57% of the market. Comcast could step away if regulators get too demanding.
    • Both companies are showing optimism and extended the deal's "end date" to Aug. 12.
    • Previously: TWC misses expectations as video subs continue exodus (Jan. 29 2015)
    | Feb. 2, 2015, 3:48 PM | 5 Comments
  • Jan. 29, 2015, 2:29 PM
    • Regulators changed their definition of "broadband" Internet by setting it at download speeds of 25 Mbps or faster, in the face of opposition by Internet service providers.
    • The move was a sharp increase from the previous definition of 4 Mbps and will likely affect how mergers and competition are viewed, and give steam to municipal broadband partnerships that states (and providers) often try to block.
    • Using the new definition, nearly a fifth of Americans (and more than half in rural areas) lack access to broadband, compared to about 6% before.
    • For one, Time Warner Cable (NYSE:TWC) CEO Rob Marcus said in today's earnings call: "I think that the notion of defining broadband at 25 Mbps is somewhat arbitrary and I'm not really sure what that is intended to mean. And really I don't anticipate that that has any practical implications for life going forward, or for the DOJ's analysis of the [Comcast (NASDAQ:CMCSA)] deal."
    | Jan. 29, 2015, 2:29 PM
  • Jan. 29, 2015, 9:20 AM
    • On Time Warner Cable's (NYSE:TWC) earnings conference call, the company waved off persistent attempts to get a hint of 2015 guidance due to the Comcast (NASDAQ:CMCSA) deal. Capex of $4.1B in 2014 (up 28%) comprised "accelerated investment in TWC Maxx, improved customer experience and network expansion."
    • Revenue growth was offset in part by increasing operating expenses of 2.8%, including increases in programming costs (up 4.7%), sales and marketing (business) costs, and technical operations (residential) costs.
    • Q4 Free cash flow of $891M, up 15% Y/Y; full-year free cash flow of $2.35B is down about 10%.
    • Previously: TWC misses expectations as video subs continue exodus (Jan. 29 2015)
    • Previously: Time Warner Cable misses by $0.06, misses on revenue (Jan. 29 2015)
    | Jan. 29, 2015, 9:20 AM
  • Jan. 29, 2015, 8:52 AM
    • Time Warner Cable's (NYSE:TWC) earnings miss today comes as it continued to bleed off residential video customers, while business services revenues and ad revenues made up highlights of its revenue growth. Operating income up 4.5%.
    • Subscriber breakdowns: Residential video customers net loss of 38K; Residential high-speed data net adds of 168K; residential voice net adds of 295K; residential triple play net adds of 273K. Total customer relationship net adds of 67K.
    • Residential services revenue up on increased high-speed data revenue, offset by declines in video and voice.
    • Business services revenue up mainly on high-speed data and voice customers as well as cell tower backhaul.
    • No full-year guidance offered, given where TWC is with the ongoing Comcast (NASDAQ:CMCSA) buyout.
    • Q4 results
    | Jan. 29, 2015, 8:52 AM | 3 Comments
  • Jan. 29, 2015, 6:05 AM
    • Time Warner Cable (NYSE:TWC): Q4 EPS of $2.03 misses by $0.06.
    • Revenue of $5.79B (+3.8% Y/Y) misses by $20M.
    | Jan. 29, 2015, 6:05 AM
  • Jan. 28, 2015, 8:41 AM
    • Liberty Media (NASDAQ:LMCA) CEO Greg Maffei says that the government will likely approve the giant media merger deals on the table -- Comcast (NASDAQ:CMCSA) with Time Warner Cable (NYSE:TWC), and AT&T (NYSE:T) with DirecTV (NASDAQ:DTV) -- but the key issue will be what the firms are forced to give up.
    • "My bet would be that all those deals get done," Maffei tells CNBC. "What is the set of regulations or restrictions around them and what the acquiring companies have to agree to, that'll be the rub."
    • Liberty's interest in Charter Communications (NASDAQ:CHTR) is on his mind: "Charter has been an acquirer, is going to continue to be an acquirer" -- and Charter will have room to make buys if Comcast ends up swallowing TWC.
    • Previously: Comcast-Time Warner Cable merger review clock running again (Jan. 13 2015)
    • Previously: DirecTV hiking prices ahead of AT&T deal's closing (Dec. 29 2014)
    | Jan. 28, 2015, 8:41 AM | 1 Comment
  • Jan. 27, 2015, 8:59 AM
    • Charter Communications (NASDAQ:CHTR) will report Q4 earnings Thursday, Feb. 5 at 8 a.m.
    • Conference call at 10 a.m. that day.
    • Consensus expectations are for EPS of $0.01 on revenues of $2.326B.
    | Jan. 27, 2015, 8:59 AM
  • Jan. 15, 2015, 12:40 PM
    | Jan. 15, 2015, 12:40 PM | 10 Comments
  • Jan. 14, 2015, 4:08 AM
    • Building on his previous call for the FCC to regulate broadband service as a utility, President Obama will push the FCC today to overturn state laws that prevent cities from building their own broadband networks.
    • The centerpiece of the initiative is a call for the FCC to pre-empt laws in 19 states that can prevent cities and localities from building their own high-speed broadband networks.
    • FCC Chairman Tom Wheeler has already indicated that he is strongly considering the move.
    • Related Tickers: CMCSA, T, VZ, TWC, NFLX, CTL, CHTR, FTR, ELNK
    | Jan. 14, 2015, 4:08 AM | 42 Comments
  • Jan. 13, 2015, 1:56 PM
    • The regulatory meter is running again on the merger between Time Warner Cable (TWC +0.7%) and Comcast (CMCSA +0.8%).
    • The FCC paused the review to catch up on 7K pages of documents it hadn't accounted for previously.
    • A lengthy review of the TWC-CMCSA deal puts the combined company at a slight disadvantage when it re-enters a changed pay-TV landscape.
    | Jan. 13, 2015, 1:56 PM
  • Jan. 6, 2015, 6:50 AM
    • Time Warner Cable (NYSE:TWC) will report Q4 results on Jan. 29 before the market opens.
    • The conference call is scheduled to begin at 8.30 a.m. ET.
    • Consensus view is EPS of $2.09 on revenues of $5.81B.
    | Jan. 6, 2015, 6:50 AM
  • Jan. 2, 2015, 7:58 AM
    • Nexstar Broadcasing (NASDAQ:NXST) reaches a distribution agreement with Charter Communications (NASDAQ:CHTR) covering 15 markets.
    • The agreement was struck just before the expiration of the old contract on January 1.
    | Jan. 2, 2015, 7:58 AM
  • Dec. 31, 2014, 8:42 AM
    • Streaming: Sony (NYSE:SNE), HBO (NYSE:TWX), CBS (NYSE:CBS), and Dish Networks (NASDAQ:DISH) are set to unveil streaming products in 2015. The theory of the companies that the skinny bundles will draw in more cord-cutters and cord-nevers than they will cannibalize current pay-TV subscribers will be put to the test. The rush of streaming options could help or hurt Netflix (NASDAQ:NFLX) depending upon which analysis an investor leans on.
    • Theater traffic rebound: Exhibitors (CNK, RGC, AMC, CKEC, IMAX) and movie studios (LGF, VIA, VIAB, DIS, FOXA, CMCSA, TWX) maintain that the decline in theater attendance in 2014 (-6%) was due to a slate of films light on blockbusters. A bounce is forecast for 2015 with high-profile films such as Avengers: The Age of Ultron, The Hunger Games: Mockingjay Part 2, Fifty Shades of Grey, Jurassic World, Spectre (James Bond), and Mission Impossible 5 all set to premiere - along with the reboot of the Star Wars franchise in December. Capex spending on theater upgrades could also help boost in-theater spending and average ticket price for exhibitors.
    • Mergers: If regulators allow the Comcast-Time Warner Cable (NYSE:TWC) and AT&T-DirecTV (NASDAQ:DTV) mergers to sail through it could clear a path for other media combinations, note analysts. Potential buyers include Alibaba (NYSE:BABA), Wanda Group, Softbank (OTCPK:SFTBY), and a TWX-rebuffed 21st Century Fox (NASDAQ:FOXA). Content producers which could be targets include Starz (NASDAQ:STRZA), Lions Gate (NYSE:LGF), DreamWorks Animation (NASDAQ:DWA), AMC Networks (NASDAQ:AMCX), and Scripps Networks (NYSE:SNI). A split-up Madison Square Garden (NASDAQ:MSG) could also be enticing.
    | Dec. 31, 2014, 8:42 AM | 4 Comments
  • Dec. 23, 2014, 1:52 AM
    • The FCC is again pausing its review of the proposed $45B merger of Comcast (NASDAQ:CMCSA) and Time Warner Cable (NYSE:TWC), citing delays in getting documents from the latter.
    • Imposing an informal 180-day countdown for the review, the FCC is determining whether combining the cable companies is in the public interest.
    • Time Warner Cable has promised to produce the missing documents, but the agency is pausing the review at day 104 until Jan. 12, saying it needs extra time to study new submissions.
    | Dec. 23, 2014, 1:52 AM | 3 Comments
Company Description
Charter Communications, Inc. provides broadband communications services. Its services includes Spectrum TV™ video entertainment programming, Spectrum Internet™ access, and Spectrum Voice™. It's advertising sales and production services are sold under the Spectrum Reach™ brand. The... More
Sector: Services
Industry: CATV Systems
Country: United States