at MarketWatch.com (Sat, 3:05PM)
at CNBC.com (Fri, 7:55AM)
at CNBC.com (Fri, 6:21AM)
at CNBC.com (Thu, 4:26PM)
at CNBC.com (Thu, 4:13PM)
PR Newswire (Aug 12, 2014)
PR Newswire (Aug 6, 2014)
PR Newswire (Jul 31, 2014)
at MarketWatch.com (Jul 30, 2014)
PR Newswire (Jul 23, 2014)
PR Newswire (Jul 14, 2014)
PR Newswire (Jun 30, 2014)
PR Newswire (Jun 30, 2014)
PR Newswire (Jun 30, 2014)
at MarketWatch.com (Jun 27, 2014)
PR Newswire (Jun 25, 2014)
at MarketWatch.com (Jun 17, 2014)
at CNBC.com (Jun 17, 2014)
Mon, May. 19, 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)
Thu, May. 15, 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.
Thu, May. 15, 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.
Thu, May. 8, 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.
Wed, Apr. 30, 1:37 PM| Comment!
Mon, Apr. 28, 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
Mon, Apr. 28, 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)
Mon, Apr. 28, 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.
Mon, Apr. 28, 6:16 AM
Mon, Apr. 28, 6:10 AM
Sun, Apr. 27, 5:30 PM
Sun, Apr. 27, 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.
Tue, Apr. 22, 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.
Sun, Apr. 20, 2:24 AM
- Charter Communications (CHTR) is in negotiations to acquire 3M subscribers from Comcast (CMCSA) in a deal that could be worth $18-20B, Reuters reports.
- Charter could buy the subscribers through a straight purchase or Comcast could create a spin-off in which Charter would acquire a large minority holding.
- Other cable firms also are interested in obtaining the Comcast subscribers.
- Comcast has already committed to selling the subscribers in order to assuage antitrust concerns about its $45.3B takeover of Time Warner Cable (TWC).
Tue, Apr. 15, 1:34 PM
- Aereo gets its day in the Supreme Court next week as it takes on a powerful group of broadcasters (DIS, CMCSA, CBS, FOXA) and the U.S. Solicitor General's office.
- Legal experts are deeply divided on which direction the court will rule in what could be a landmark case for the media industry. Justice Ginsburg is expected to side with the broadcasters and agree that Aereo violates copyright law, while Justice Breyer is tapped to side with Aereo. The other 7 justices are considered a bit of a tossup.
- What to watch: A win by Aereo could lead to a pricing war in the pay-TV industry (CHTR, TWC, CVC, DISH, DTV) due to the low monthly fee ($8-$12/month) it charges to customers. A thriving Aereo could also prompt one of the major providers to unbundle its network packages to move to a la carte pricing. Content providers (DISCA, AMCX, VIAB, SNI, TWX, CRWN,MSG) will be watching the developments closely.
Fri, Apr. 11, 8:25 AM
- Though Dish Network (DISH) resolved its differences with 25 Hearst-owned TV stations earlier this week after they went dark for around 14 hours amid a retransmission contract dispute, the mini-battle could be the tipping point that leads to a major industry change.
- Media analysts forecast that politicians in Washington may take notice as more negotiation stalemates in the industry lead to cable/satellite blackouts. A little noise from D.C. on the issue could tip the scales in the favor of the pay-TV industry (DTV, CMCSA, CHTR, TWC, CVC).
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