Charter Communications, Inc. (CHTR) - NASDAQ
  • May 19, 2014, 9:11 AM
    • A report from the FCC indicates basic cable TV prices have risen at a rate 4X the rate of inflation over the last 18 years.
    • In the last year alone, the average cost of basic service rose 4.6% to $63.03.
    • What to watch: The FCC report, which is full of details on the impact of pricing in "non-competitive" markets, is likely to be referred to during discussion in Washington DC on the Time Warner Cable (TWC)- Comcast (CMCSA) merger.
    • Related stocks: CVC, CHTR
    • Full FCC report (.pdf)
    | May 19, 2014, 9:11 AM | 5 Comments
  • May 15, 2014, 3:35 PM
    • Time Warner Cable Inc. (TWC) declares $0.75/share quarterly dividend, in line with previous.
    • Forward yield 2.19%
    • Payable June 16; for shareholders of record May 30; ex-div May 28.
    | May 15, 2014, 3:35 PM
  • May 15, 2014, 9:41 AM
    • SpinCo (CHTR, CMCSA) has tapped Michael Willner to be the CEO of the company.
    • Willner is the co-founder and CEO of Insight Communications.
    • Comcast and Charter will each get to appoint three board members and mutually agree on the last three members.
    • SpinCo is the new cable company that will be spun off from Comcast following the firm's merger with Time Warner Cable.
    | May 15, 2014, 9:41 AM
  • May 15, 2014, 4:43 AM
    • The Federal Communications Commission is due to vote today on a proposal to formally allow some "commercially reasonable" deals that would enable Internet content companies to pay fees so that their traffic receives priority on the network.
    • Facebook (FB), Twitter (TWTR) and Google (GOOG, GOOGL) are among those opposed to "pay-for-priority," while Netflix (NFLX) is strongly in favor of net neutrality as well. The latter has reluctantly forged "direct-peering" agreements that remove bottlenecks between networks and ensure that its contents streams more smoothly.
    • Advocates of net neutrality fear that pay-for-priority will lead to "fast lanes" for corporations that can afford it and slower traffic for others, and some even want Internet providers to be reclassified as utilities, as is the case with telephone operations.
    • Meanwhile, the FCC is also scheduled to decide on rules for the sale of low-frequency airwaves to wireless carriers, with the regulations expected to limit how much Verizon (VZ) and AT&T (T) can purchase.
    • Other relevant tickers: CMCSA, TWC, ALLT, LVLT, CCOI, FTR, WIN, CTL, CHTR, CVC, DISH.
    | May 15, 2014, 4:43 AM | 7 Comments
  • May 8, 2014, 12:37 PM
    • Liberty Media (LMCA +0.7%) announces it will spin off all of its cable assets into a new company called Liberty Broadband.
    • The distribution is expected to take place before the end of the year.
    • Liberty Broadband will hold positions in Charter Communications (CHTR -0.4%), Time Warner Cable, and True Position Technology.
    | May 8, 2014, 12:37 PM
  • Apr. 30, 2014, 1:37 PM
    • Charter Communications (CHTR -1.3%) withdraws its slate of candidates for the board at Time Warner Cable (TWC +0.2%).
    • The action is part of the terms of the deal in which the company acquired subscribers from Comcast.
    | Apr. 30, 2014, 1:37 PM
  • Apr. 28, 2014, 8:35 AM
    • Shares of Charter Communications (CHTR) are higher in early trading after the company struck a deal with Comcast to nab 1.4M customers and reported on Q1 earnings.
    • The quick analyst take on the deal with Comcast is that Charter will improve its geographic footprint through the sub acquisitions and could be able to squeeze out better terms on retransmission deals through its improved scale.
    • CHTR +1.6% premarket
    | Apr. 28, 2014, 8:35 AM
  • Apr. 28, 2014, 6:57 AM
    • Charter (CHTR) will acquire 1.4M existing Time Warner Cable (TWC) customers, giving it 5.7M in total and making it the second-largest cable operator in the U.S.
    • Charter and Comcast (CMCSA) will also each transfer approximately 1.6M subs respectively.
    • Charter will acquire 33% in a new publicly-traded cable provider that Comcast will spin off to its shareholders and that will serve 2.5M customers. Charter will pay for the stake by issuing new stock to Comcast shareholders.
    • After all the deals are finalized, Charter's managed residential subscribers will be below 30% of the U.S.'s total MVPD (multichannel video programming) subscribers.
    • The value of the Comcast-Charter transactions wasn't provided, but the FT put a figure of $20B when it published a mostly accurate report about them over the weekend, prior to an official announcement today.  (PR)
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    | Apr. 28, 2014, 6:57 AM | 2 Comments
  • Apr. 28, 2014, 6:52 AM
    • Charter Communications (CHTR) reports net additions of 136K Internet customers in Q1 and 18K Video customers.
    • The company saw its average monthly residential revenue per customer rise 3% to $110.29 during the quarter.
    • Revenue growth: Video +6.3% to $1.09B; Internet +15.4% to $616M; Voice -18.5% Y/Y to $150M; Commercial +20% to $234M.
    | Apr. 28, 2014, 6:52 AM
  • Apr. 28, 2014, 6:16 AM
    • Charter Communications (CHTR): Q1 EPS of -$0.35
    • Revenue of $2.2B (+7.8% Y/Y) beats by $20M.
    | Apr. 28, 2014, 6:16 AM
  • Apr. 28, 2014, 6:10 AM
    • Comcast (CMCSA) has reached a deal with Charter (CHTR) that involves Comcast divesting 3.9M video customers if it buys Time Warner Cable (TWC). (PR)
    | Apr. 28, 2014, 6:10 AM
  • Apr. 27, 2014, 5:30 PM
    | Apr. 27, 2014, 5:30 PM | 2 Comments
  • Apr. 27, 2014, 1:39 AM
    • Comcast (CMCSA) could this week announce a $20B three-part deal to divest subscribers as part of its attempt to assuage antitrust concerns about its proposed takeover of Time Warner Cable (TWC), the FT reports.
    • Comcast would sell 1.4M subscribers from TWC's network to Charter (CHTR), while Comcast would also place 2.5M subscribers in a new company in which Charter would own 35%. Comcast and Charter would then swap 1.65M customers.
    • The transactions are contingent on Comcast receiving approval for its takeover of TWC.
    | Apr. 27, 2014, 1:39 AM | 9 Comments
  • Apr. 24, 2014, 12:20 PM
    • Time Warner Cable (TWC +0.2%) narrowed video customer losses to 34K in Q1 while adding 269K new broadband subscribers.
    • At the end of the quarter, the company had 11.2M video customers and 11.4M broadband Internet customers in its fold.
    • Average monthly programming costs per video subscriber rose 10.2% to $37.69, but overall the company kept a lid on cost increases.
    | Apr. 24, 2014, 12:20 PM
  • Apr. 24, 2014, 6:03 AM
    • Time Warner Cable Inc. (TWC): Q1 EPS of $1.78 beats by $0.10.
    • Revenue of $5.58B (+1.8% Y/Y) misses by $60M.
    | Apr. 24, 2014, 6:03 AM
  • Apr. 22, 2014, 6:23 PM
    • Bloomberg reports Comcast (CMCSA) is close to a deal to sell 1.5M subs to Charter (CHTR), and plans to spin off another 2.5M into a new, publicly-traded company in which Charter will have a minority stake.
    • Charter is expected to pay $20B in total. The company will also hand over 275K L.A. subs to Comcast, which stands to dominate the L.A. market should regulators sign off on the Time Warner Cable deal, as part of an asset swap.
    • A deal could be announced this week, but sources caution talks could still fall apart. Reuters previously reported Charter is talking with Comcast about an $18B-$20B deal involving the acquisition of 3M subs.
    | Apr. 22, 2014, 6:23 PM | 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