Misplaced Pages

Latest revision as of 17:50, 24 December 2024

Charter Communications, Inc.

Headquarters of Charter Communications in Stamford, Connecticut
Company type	Public
Traded as	Nasdaq: CHTR (Class A) Nasdaq-100 component S&P 100 component S&P 500 component
Industry	Telecommunications Mass media (Internet)
Predecessors	Time Warner Cable Bright House Networks
Founded	1993; 31 years ago (1993) in St. Louis, Missouri, U.S.
Founders	Barry Babcock Jerald Kent Howard Wood
Headquarters	Stamford, Connecticut, U.S.
Area served	41 states
Key people	Tom Rutledge (executive chairman) Chris Winfrey (president and CEO)
Products	Broadband Cable television Digital cable Digital telephone HDTV Home security VoIP phone Internet security
Brands	Spectrum
Revenue	US$54.61 billion (2023)
Operating income	US$12.56 billion (2023)
Net income	US$5.26 billion (2023)
Total assets	US$147.2 billion (2023)
Total equity	US$14.72 billion (2023)
Owners	Liberty Media (23.3%) Advance Publications (13%) Berkshire Hathaway (2.33%)
Number of employees	c. 101,100 (2023)
ASN	7843
Website	corporate.charter.com

Charter Communications, Inc., is an American telecommunications and mass media company with services branded as Spectrum. The company is headquartered in Stamford, Connecticut.

With over 32 million customers in 41 states as of 2022, it is the largest cable operator in the United States by subscribers, just ahead of Comcast, and the largest pay TV operator ahead of Comcast and AT&T. Charter is the fifth-largest telephone provider based on number of residential lines. It's brand of Spectrum services also include internet access, internet security, managed services, and unified communications.

In late 2012, with longtime Cablevision executive Thomas Rutledge named as their CEO, Charter relocated its corporate headquarters from St. Louis, Missouri, to Stamford, Connecticut, though kept many of its operations in St. Louis. On May 18, 2016, Charter finalized acquisition of Time Warner Cable and its sister company Bright House Networks, making it the third-largest pay television service in the United States. In 2019, Charter ranked No. 70 in the Fortune 500 list of the largest United States corporations by total revenue.

History

1980–1992: Beginnings

Charter Communications CATV systems was founded in 1980 by Charles H. Leonard in Barry County, Michigan. The original Charter system headquarters and offices were located at 1001 Payne Lake Road, Yankee Springs Township, Michigan. Leonard began a corporate partnership with Gary Wilcox and Gerry Kazma, both from Naperville, Illinois, during which Spectrum Communications (Wilcox) merged with Charter Systems (1981–1983).

1993: Consolidation and founding of Charter Communications, Inc.

Through continued mergers and acquisition, Charter was consolidated in 1993 by Barry Babcock, Jerald Kent and Howard Wood, who had been former executives at Cencom Cable Television in St. Louis, Missouri. It was also incorporated in the state of Missouri in 1993.

1994–1998: Early growth

In 1995, Charter paid about $300 million for a controlling interest in the cable television systems owned by Crown Media Holdings and acquired Cable South.

In 1997, Charter and EarthLink worked together to deliver high-speed Internet access through cable modems to Charter's customers in Los Angeles and Riverside, California.

In 1998, Paul Allen bought a controlling interest. The company paid $2.8 billion to acquire Dallas-based cable company Marcus Cable. Charter Communications had one million customers in 1998.

1999–2008: Nasdaq listing and acquisitions

In November 1999, the company went public, trading on the Nasdaq stock exchange. At the time, it had 3.9 million customers.

Charter completed more than 10 major acquisitions in 1999 when it:

• Added 68,000 subscribers in Southern California with the purchase of four cable systems from American Cable Entertainment of Stamford, Connecticut.
• Acquired 400,000 InterMedia Partners subscribers, primarily in the Southeast. As part of the deal Charter would turn over about 140,000 of its subscribers to TCI in a cable system swap.
• Merged with Marcus Cable
• Acquired cable systems serving 460,000 subscribers from Rifkin Acquisition Partners and InterLink Communications.
• Acquired 173,000 subscribers, mostly in central Massachusetts, from New Jersey–based Greater Media Inc.
• Acquired Renaissance Media Group, a New York partnership serving 130,000 customers near New Orleans, western Mississippi, and Jackson, Tennessee.
• Acquired New Jersey–based Helicon Cable Communications. The systems served about 171,000 customers in eight states in the Southeast and Northeast.
• Acquired Avalon Cable TV, adding 260,000 subscribers primarily in Michigan and Massachusetts.
• Acquired Vista Broadband Communications in Smyrna, Georgia, adding 30,000 more customers.
• Acquired Falcon Cable TV of Los Angeles. Falcon was the eighth-largest cable operator in the United States with about one million subscribers in 27 states in primarily non-urban areas.
• Acquired Fanch Communications Inc. of Denver. Fanch had 547,000 subscribers in West Virginia, Pennsylvania, Michigan, Indiana, Kentucky, Louisiana, and Wisconsin.

Charter also began swapping customers with other systems to improve the geographic clustering of its systems. In December 1999, it signed a letter of intent with AT&T Corporation to swap 1.3 million cable subscribers in St. Louis as well as in Alabama, Georgia, and Missouri. In 2000, Charter Communications bought select AT&T cable markets, including Reno, Nevada, and the City of St. Louis.

In 2001, MSN and Charter signed an agreement to offer MSN content and services to Charter's broadband customers. In the same year, Charter received awards, including the Outstanding Corporate Growth Award from the Association for Corporate Growth, the R.E. "Ted" Turner Innovator of the Year Award from the Southern Cable Telecommunications Association, and the Fast 50 Award for Growth from the St. Louis Regional Chamber and Growth Association.

In 2008, Charter stock failed to meet Nasdaq standards and was given warning to comply by October 13 or request an extension.

Also in 2008, it acquired the cable-television franchise and service for the Cerritos and Ventura, California, areas from Wave Broadband.

2009: Bankruptcy and emergence

In February 2009, Charter Communications announced that it planned to file for Chapter 11 of the United States Bankruptcy Code on or before April 1, 2009. The action would allow Charter to pay its debt obligations, and cancel its obligations to shareholders. Private equity firm Apollo Management expected to own most of Charter's shares after the bankruptcy. Charter filed for a prearranged bankruptcy on March 28, 2009. The company expected the financial restructuring to reduce its debt by $8 billion, as well as adding $3 billion of new investment, and refinancing other debt.

On November 30, 2009, its bankruptcy plan was approved, which extinguished its stock and cut approximately $8 billion in debt. That day, Charter emerged from bankruptcy despite many of its creditors' objections over its bankruptcy plan.

2010–2012: Nasdaq re-listing; leadership change

On September 14, 2010, Charter Class A common stock was re-listed on Nasdaq under the symbol "CHTR".

In 2011, Microsoft co-founder Paul Allen stepped down as chairman and from the board of directors' seat, but at the time remained the largest single shareholder. Also in that year, Charter signed a multi-year deal with TiVo to deliver content via its platform.

Thomas M. Rutledge was appointed as a director and president and chief executive officer effective February 13, 2012.

The same year, Charter priced $1.25 billion senior debt, offering to pay down short- and long-term debt.

2013–2014: Purchase of Optimum West; Liberty Media investment

On February 8, 2013, Charter announced an agreement to acquire some former Bresnan Communications systems from Cablevision in a transaction worth US$1.63 billion. The deal brought Charter cable systems to 375,000 customers in Colorado's mountains and Western Slope, as well as in Utah, Wyoming and Montana.

Approximately one month later, on March 19, 2013, Charter announced that Liberty Media, a company controlled by former TCI CEO John C. Malone, would be acquiring a 27.3% ownership interest in the company, making it the company's largest single shareholder, largely through the purchase of interests held by investment funds following Charter's 2009 restructuring. In November 2014, Liberty's holdings in Charter as well as a small minority interest in Time Warner Cable were spun off as a separate holding company named Liberty Broadband Corporation, which as of early 2015 was 47.1% controlled by Malone.

2014–2017: Acquisition of Time Warner Cable and Bright House Networks

On January 13, 2014, Charter Communications said it was interested in buying its larger rival Time Warner Cable. After three previous attempts to buy and merge with the company, all of which failed, Charter's chief executive officer Thomas Rutledge wrote in an open letter to Time Warner Cable's chief executive officer Robert Marcus stating, "I believe we have a significant opportunity to put our companies together in a way that will create maximum, long-term value for shareholders and employees of both companies". The $132.50 per share offer, just above TWC's closing price at $132.40 on January 13, was rejected.

On February 13, 2014, Time Warner Cable accepted an offer of $158.82 per share from Comcast, avoiding a hostile takeover situation from Charter.

On April 28, 2014, Comcast and Charter announced that, assuming Comcast's merger with Time Warner Cable was successful, Charter would acquire 1.4 million Comcast/Time Warner Cable customers, bringing Charter's subscriber total to 30 million and making Charter, by its own count, the second-largest cable operator in the country. In addition to the 1.4 million divested subscribers, Comcast also agreed to swap 1.6 million subscribers with Charter in an even, tax-efficient exchange whose intent is to improve the geographic spread of both companies. In a third part of the agreement, Comcast would spin off 2.5 million subscribers into a new publicly traded company in which Charter would hold a 33% stake – with an option to eventually own the whole company – and former Time Warner Cable shareholders would hold a 67% stake.

In late March 2015, Charter announced plans to purchase Bright House Networks from Advance/Newhouse for $10.4 billion in a combination of cash and equities convertible to Charter stock. The deal was contingent on, among other approvals, the completion of Charter's transactions with Comcast, and the expiration of Time Warner Cable's right of first offer to buy Bright House itself (which was not expected to be exercised in light of the merger with Comcast). However, facing potential difficulties in reaching regulatory approval, Comcast called off its merger with Time Warner Cable in April 2015.

On May 26, 2015, Charter and Time Warner Cable announced that they had entered into a definitive agreement for Charter to merge with Time Warner Cable in a deal valued at $78.7 billion. Charter also confirmed that it would continue with its proposed acquisition of Bright House Networks under slightly modified terms. The deal was subject to regulatory approval, although the deal was expected to face less scrutiny from the FCC than the Comcast/TWC deal, as the companies were relatively smaller, and their media holdings are not as extensive as those of Comcast. The TWC and Bright House systems as well as Charter Cable were to be migrated to the Spectrum brand following the conclusion of the merger.

Liberty Broadband will invest a further $5 billion in Charter and will ultimately hold about 20% ownership in the combined entity. Advance/Newhouse will own about 14%, and other current Time Warner Cable shareholders are expected to hold a combined 44% stake. The merger was approved by the Department of Justice and FCC on April 25, 2016; it is subject to conditions, including a requirement that Charter must not implement usage-based billing, nor use its dominant position in the market to impact the online video industry – which includes a prohibition on charging for interconnections. Charter was also required to expand its services to two million new households, with at least one million being in markets where competing providers operate.

The merger was completed on May 18, 2016. The purchase made Charter the third-largest pay television company in the United States, behind AT&T and Comcast (the former having completed its merger with DirecTV in mid-2015).

Since 2017: Post-Time Warner Cable acquisition

On January 26, 2017, it was reported that Verizon Communications was in talks with Charter to discuss a possible buyout. President and CEO of Liberty Media, Greg Maffei said that they were not interested in the deal. The deal was rejected around the end of May 2017. Charter claimed that the deal was too low for them to accept, and Charter's largest shareholder Liberty Media stated that they were not ready to sell.

In March 2017 under new FCC leadership, Charter's regulatory conditions were changed to require that Charter expand its services to 2 million households that are not currently served by any broadband provider, as opposed to requiring one million of these households to be in areas served by a competitor. The decision was made under goals by new chairman Ajit Pai to increase the availability of broadband in rural areas not served by high-speed Internet, but was criticized for maintaining oligopolies rather than encouraging wider competition.

In May 2017, it was reported that Charter and Comcast had entered into an agreement to "explore working together in a number of potential operational areas in the wireless space" in respect to mobile virtual network operators (MVNOs); both providers have agreements with Verizon Wireless to re-sell its services, and Comcast announced that it would begin to do so under the brand Xfinity Mobile later in the year. The agreement includes a provision, lasting for one year, that requires the companies to receive consent from each other before performing wireless-related acquisitions or mergers.

On June 21, 2017, it was reported that Charter was in talks to buy Cox Communications.

On March 28, 2017, IBEW Local 3 went on strike, representing 1,800 employees. The company had proposed moving independently managed health and pension benefits to its own company plans, which union members considered would include drastic cuts for them and their families and loss of job security. The strike ended on April 19, 2022, with an outcome that some found disappointing.

On March 12, 2018, it was reported that Softbank had purchased 5% of Charter's stock on the open market.

Threatened revocation of New York cable franchises

In June 2018, the New York Public Service Commission fined Charter $2 million for failing to meet obligations it agreed to as conditions of its acquisition of Time Warner Cable. Charter was required to expand broadband service to at least 145,000 unserved or underserved residential units over four years, with a minimum of 36,250 new units per-year. The company was accused of making false statements in its progress reports, with an audit finding that Charter fraudulently declared at least 14,000 addresses already served by the company as being "new" deployments. The commission threatened the possibility of further regulatory remedies, including revocation of its cable franchises.

On July 27, 2018, the NYPSC voted to retroactively reverse its approval of Charter's acquisition of TWC, thus revoking its franchises in the state of New York. The commission cited Charter's repeated failures to meet deadlines on expansion promised as part of the TWC purchase, "attempts to skirt obligations to serve rural communities", and "purposeful obfuscation of its performance and compliance obligations to the Commission and its customers." Within 60 days, Charter was to submit a plan to divest and migrate its New York state cable operations (which serve around 2 million customers) to new owners.

Charter CEO Tom Rutledge threatened legal action against the commission. The company was later granted repeated extensions of its deadline.

In April 2019, Charter agreed to new conditions, under which it must complete its expansion of 145,000 new premises by September 30, 2021 (being credited for 64,827 premises up until December 2018), all of which must be outside of New York City, and are subject to milestone requirements. Charter must also contribute $12 million to a fund "for broadband expansion projects at locations to be selected by the Department and the Broadband Program Office", with half of this funding to be provided to either Charter or a competitor via a competitive bidding process.

Streaming venture

In April 2022, Charter and Comcast announced plans for a 50/50 venture to develop a streaming platform. As part of this effort, Comcast would license its Flex streaming platform and offer up the XClass TVs and the Xumo streaming service.

Unbundling and September 2023 Disney/Spectrum carriage dispute

In July 2023, Charter announced a major change to its cable offerings, allowing consumers to choose between the Spectrum Select Plus cable package with regional sports offerings and the Spectrum Select Signature package without, for a lower cost. Major sports networks ESPN and FS1 would still be available with the cheaper option. This move came at a time when many consumers were cutting the cord and regional sports networks were struggling.

At the same time, it announced a new distribution agreement with DirecTV that would allow that service to provide more flexible options for consumers not interested in sports programming.

ESPN and sister Disney channels went dark on Charter Spectrum on August 31, 2023, interrupting coverage of the college football season opener and the US Open. Charter wanted to offer cheaper, non-sports packages to customers, as a way to fight cordcutting and to prepare for ESPN's potential launch of a full-service over-the-top subscription service. The dispute ended on September 11, 2023, with capitulations by Disney involving the offering of ESPN+ and Disney+ direct to Spectrum customers, along with sports-free bundles, though it also resulted in the removal of several networks (whose programming had already been widely available on Hulu and Disney+ or was otherwise a low priority for carriage), including BabyTV, Disney Junior, Disney XD, Freeform, FXM, FXX, Nat Geo Wild and Nat Geo Mundo.

Acquisition of Liberty Broadband shares

On November 13, 2024, Charter announced its intent to acquire Liberty Broadband—a spin-off from Liberty Media that has held its stake in the company—in an all-stock deal. As a condition of the agreement, Liberty Broadband will spin off its subsidiary GCI Communication Corp. to its shareholders.

Operations

Current operations

As of 2022, Charter Communications offers service to an estimated 32 million people in 41 states with significant coverage in 48 states.

In November 2013, the company announced the re-branding of its residential services to Charter Spectrum, which encompassed an upgrade to an all-digital network for its video, voice and broadband services. The company relied heavily on a predominantly coaxial cable–based network. The newer fiber-optic service-delivery network system, provides higher bandwidth speeds than are available with its coaxial cable infrastructure.

Enterprise and mid-market businesses use Spectrum Enterprise for their services, which include fiber internet access, internet security, managed services, unified communications, and television products. Spectrum Business offers services to small businesses, which include internet access, internet security, phone, television, and Spectrum Mobile for Business.

Spectrum's local insertion advertising arm, Spectrum Reach, currently offers service in 36 states across 91 media markets.

Former operations

On March 27, 2006, Charter announced that it would sell cable systems serving approximately 43,000 customers in Nevada, Colorado, New Mexico, and Utah to Orange Broadband Holding Company (since renamed Baja Broadband).

Charter also sold cable systems in West Virginia and Virginia to Cebridge Connections (later Suddenlink Communications and now known as Altice USA) and cable systems in Kentucky and Illinois to New Wave Communications. The company eventually returned to those areas (excluding Illinois) in 2016 when it acquired Time Warner Cable.

On October 14, 2008, the Fairmont Sentinel reported that Charter was selling parts of their system to Midcontinent Communications, including Charter's offices in Bemidji and International Falls, Minnesota. Starting February 1, 2009, Midcontinent took over some of Charter's cable system in Minnesota including Balaton, Bemidji, Canby, Ely, Fairmont, International Falls, Littlefork, Sherburn, and surrounding communities. Other areas in Minnesota would have sold to Comcast, but the deal fell through.

On October 22, 2010, Charter sold 32 head-ends serving 65,000 customers in Alabama, Arkansas, Georgia, Louisiana, Missouri and Texas, to Cobridge Communications.

Lawsuits

In 2002, the United States Department of Justice investigated the company, leading to the indictment of four former executives in 2005 for improper financial reporting related primarily to the inflation of cable subscriber numbers to improve financial figures.

In 2004, Charter settled a class-action lawsuit concerning the questionable financial reporting associated with the U.S. Department of Justice's 2002 investigation and subsequent indictment of four former executives. Current and former shareholders (and their attorneys) were awarded $144 million as well as an agreement from Charter to maintain and implement proper corporate governance measures.

In June 2010, Charter settled a class-action lawsuit for $18 million concerning wage and overtime claims for current and former field technicians in California, Missouri, Michigan, Minnesota, Illinois, Nevada, Washington, Oregon and Nebraska.

In December 2013, a complaint was filed by Steelhead Licensing LLC for patent infringement of U.S. Patent 8082318; it is described as "Controlling service requests transmitted from a client to a server".

In January 2016, the National Association of African-American Owned Media and Byron Allen's Entertainment Studios filed a $10 billion civil rights lawsuit against Charter, claiming discrimination for Charter's refusal to pick up Allen's eight-channel suite of networks (which mainly carry ES content already syndicated through local television stations and paid programming); Allen and the NAAAOM (which has an Entertainment Studios executive as its head) have already filed the same type of suit against several other providers.

In May 2016, Charter reached a settlement with the FCC regarding allegations by Zoom Telephonics that, in 2012, following the introduction of new rate plans and the introduction of DOCSIS 3.0, it had begun to bar new subscribers or those switching to the new plans from utilizing customer-purchased modems. Although Charter ended this practice in 2014 and began to allow certain certified modems to be used, Zoom argued that the company was still deliberately limiting options by requiring the modems to undergo a testing protocol concerning factors beyond whether they cause interference or unauthorized receipt of service (the only two factors which providers may use to restrict allowable modems under FCC policy). Charter paid a $640,000 fine, and agreed to use a shorter testing process allowing the use of any DOCSIS 3.0-compatible modem, and send compliance reports to the FCC every six months and whenever a modem is blacklisted.

On February 1, 2017, Charter was sued by the Attorney General of New York for failing to provide its advertised Internet speeds to customers in areas that Charter acquired by the purchase of Time Warner Cable. The company agreed to a $174.2 million settlement, including both refunds of $75 to affected subscribers (with an additional $75 to those who rented the defective modem hardware for at least 24 months), and offers of complimentary subscriptions to services such as HBO (3 months) or Showtime (6 months) to all subscribers with an internet and television bundle.

On August 28, 2017, Charter agreed to a $225,000 settlement in the state of Missouri over violations of telemarketing and No-call list laws.

In July 2022, a jury in Dallas County, Texas, ordered Charter to pay $375 million in compensatory damages plus $7 billion in punitive damages to the family of a woman who was murdered by a Spectrum technician. Lawyers for the woman's family contended that "systemic safety failures" at Spectrum led to the murder, and that Spectrum forged documents to force the case into arbitration instead of a jury trial, a claim that Charter denies. As of July 2022, Charter plans to appeal the ruling.

See also

• List of United States telephone companies
• List of cable television companies
• List of Connecticut companies
• Spectrum Sports
• Spectrum News
• SportsNet LA

References

1. ^ "Company Profile | Charter Communications Newsroom". Charter Communications. Archived from the original on September 7, 2017. Retrieved September 12, 2017.
2. ^ "Charter Communications, Inc. 2023 Annual Report (Form 10-K)". U.S. Securities and Exchange Commission. February 2, 2024.
3. Royal, Jim (September 14, 2019). "3 Reasons to Love Charter Communications". Yahoo! Finance. Archived from the original on May 17, 2019. Retrieved May 17, 2019.
4. "BRIEF-Newhouse Broadcasting reports 13 pct stake in Charter Communications". Reuters. May 27, 2016. Retrieved April 12, 2021.
5. ^ "About Charter". Charter. Retrieved November 18, 2022.
6. "Charter Loses 257K Video Subs in Q4, 'Partly Driven' by Disney Dispute, but Now Tops Comcast". The Hollywood Reporter. February 2, 2024. Retrieved February 5, 2024.
7. Haggin, Patience; Marcelis, David (February 2, 2024). "America's New Cable-TV King Almost Gave Up on Television". The Wall Street Journal. Retrieved February 5, 2024.
8. Enterprise business products and services. enterprise.spectrum.com. Retrieved August 29, 2024.
9. "Gov. Malloy: Charter Communications Moving Corporate Headquarters to Stamford". CBS New York. October 2, 2012. Archived from the original on September 13, 2017. Retrieved June 30, 2017.
10. "TWC acquisition by Charter". BIC. November 22, 2017. Archived from the original on September 24, 2020.
11. ^ James, Meg (May 18, 2016). "Charter completes purchase of Time Warner Cable, Bright House". Los Angeles Times. Archived from the original on July 18, 2017. Retrieved June 30, 2017.
12. ^ Sherman, Alex (May 17, 2016). "So Long Time Warner Cable: Charter to Retire Much-Maligned Brand". Bloomberg. Archived from the original on May 18, 2016. Retrieved May 18, 2016.
13. ^ James, Meg; Puzzanghera, Jim (May 26, 2015). "Charter-Time Warner Cable deal would create nation's 3rd-largest pay-TV service". Los Angeles Times. Archived from the original on May 26, 2015. Retrieved May 26, 2015.
14. "Fortune 500 Companies 2019: Charter Communications". Fortune. Archived from the original on November 10, 2019. Retrieved November 10, 2019.
15. Hinkley, Susan (1982). "Cable TV firm wins franchise in Nashville". The Hastings Banner, Maple Valley News, The Reminder.
16. Havenga, Marie (1982). "Wait's over: Cable TV contract OK'd". The Hastings Banner, Maple Valley News, The Reminder. J-AD Graphics.
17. ^ Staff (undated). "Company History for Charter Communications, Inc". fundinguniverse.com. Archived from the original on May 27, 2015. Retrieved May 28, 2015.
18. Cauley, Leslie (November 3, 2000). "Charter Communications Posts a Wider-Than-Expected Loss" (abstract). The Wall Street Journal. Archived from the original on February 22, 2017. Retrieved June 30, 2017.
19. "Paul Allen, Charter and what might have been | Jon Talton". The Seattle Times. May 27, 2015. Archived from the original on February 6, 2018. Retrieved February 6, 2018.
20. Staff (March 1, 2001). "Among AT&T's New Moves: Cable TV Swap With Charter" Archived July 14, 2014, at the Wayback Machine. Reuters (via Investor's Business Daily). Retrieved May 28, 2015.
21. Moehle, Mary Jo (September 11, 2001). "Form 8-K filed by Charter Communications" (TXT). sec.gov. U.S. Securities and Exchange Commission. Archived from the original on May 14, 2017. Retrieved June 30, 2017.
22. Allen, Matt (April 18, 2008). "Charter Communications stock price not in compliance with Nasdaq requirements". Technology. St. Louis Business Journal. American City Business Journals. Archived from the original on February 5, 2017. Retrieved June 30, 2017.
23. "After early glitches, Charter settles in". Archived from the original on February 6, 2018. Retrieved February 6, 2018.
24. Humer, Caroline (March 19, 2009). "Apollo plans to own most of Charter after bankruptcy: sources". Deals. Reuters. Archived from the original on March 23, 2009. Retrieved June 30, 2017.
25. "Charter Communications Completes Financial Restructuring and Emerges From Chapter 11" (Press release). corporate-ir.net. November 30, 2009. Archived from the original on February 25, 2013. Retrieved December 1, 2009.
26. Bode, Karl (November 30, 2009). "Charter Exits Chapter 11". BroadbandReports.com. dslreports.com. Archived from the original on April 3, 2012. Retrieved December 1, 2009.
27. "Charter Comm (CHTR) Returns to the Nasdaq after BK". streetinsider.com. September 14, 2010. Archived from the original on February 3, 2017. Retrieved June 30, 2017.
28. "Charter Announces Next Generation TV Strategy with TiVo" (Press release). Charter Communications. January 24, 2011. Archived from the original on January 10, 2016. Retrieved June 30, 2017.
29. "Charter Communications Names Thomas M. Rutledge as President and CEO" (Press release). Charter Communications. December 19, 2011. Archived from the original on January 10, 2016. Retrieved June 30, 2017.
30. Hibbard, Matthew (August 9, 2012). "Charter prices $1.25 billion senior debt offering". Telecom Industry Updates. Archived from the original on August 27, 2012. Retrieved August 9, 2012.
31. Saitto, Serena (February 8, 2013). "Charter to Buy Optimum West for $1.63 Billion". Bloomberg News. Archived from the original on February 12, 2013. Retrieved February 8, 2013.
32. Jannarone, John; Ramachandran, Shalini (February 7, 2013). "Charter Buys Optimum West". The Wall Street Journal. Archived from the original on February 23, 2017. Retrieved June 30, 2017.
33. Charter Communications; Liberty Media (March 19, 2013). "Charter Communications and Liberty Media Corporation Announce Agreement for Investment". Archived from the original on June 29, 2015. Retrieved May 28, 2015.
34. Liberty Media (November 4, 2014). "Liberty Media Corporation Announces Completion of Liberty Broadband Corporation Spin-Off". Archived from the original on June 29, 2015. Retrieved May 28, 2015.
35. "Liberty Broadband Corporation 2014 Annual Report on Form 10-K". March 12, 2015. Archived from the original on January 2, 2016. Retrieved May 28, 2015.
36. Kastrenakes, Jacob (January 13, 2014). "Charter makes $37.4 billion offer to purchase Time Warner Cable". The Verge. Archived from the original on January 22, 2014. Retrieved January 22, 2014.
37. Popper, Ben (January 22, 2014). "Cable TV's Darth Vader is back to reclaim his empire". The Verge. Archived from the original on December 24, 2016. Retrieved August 30, 2017.
38. Fernandez, Bob (February 14, 2014). "Comcast chief executive officer Brian Roberts says merger is 'pro-consumer'". philly.com. Archived from the original on March 7, 2014. Retrieved February 15, 2014.
39. "Time Warner Cable to Merge with Comcast Corporation to Create a World-Class Technology and Media Company" (Press release). Time Warner Cable. February 13, 2014. Archived from the original on April 29, 2014. Retrieved April 28, 2014.
40. Snider, Mike (April 28, 2014). "Comcast sheds customers in Charter deal". USA Today. Archived from the original on January 10, 2016. Retrieved June 30, 2017.
41. McGrath, Maggie (April 28, 2014). "Comcast Strikes Deal with Charter to Divest Nearly 4 Million Subscribers". forbes.com. Archived from the original on June 4, 2014. Retrieved June 9, 2014.
42. "Charter to Acquire Bright House Networks for $10.4 Billion" (Press release). Charter Communications. March 31, 2015. Archived from the original on January 10, 2016. Retrieved May 27, 2015.
43. Stout, Hilary (April 26, 2015). "Comcast-Time Warner Cable Deal's Collapse Leaves Frustrated Customers Out in the Cold". The New York Times. Archived from the original on May 25, 2015. Retrieved May 25, 2015.
44. "Charter Communications to Merge with Time Warner Cable and Acquire Bright House Networks". U.S. Securities and Exchange Commission. May 26, 2015. Archived from the original on March 2, 2017. Retrieved May 27, 2015.
45. ^ Steel, Emily (May 26, 2017). "Broadband at the Center of Charter-Time Warner Cable Deal". The New York Times. Archived from the original on August 23, 2017. Retrieved June 30, 2017.
46. Farivar, Cyrus (April 25, 2016). "DOJ, FCC chairman ok Charter/Time Warner Cable deal, with a few caveats". Ars Technica. Conde Nast, a division of Advanced Publications. Archived from the original on December 2, 2017. Retrieved May 30, 2017.
47. King, Cecilia; Steel, Emily (April 25, 2016). "Regulators Approve Charter Communications Deal for Time Warner Cable". The New York Times. Archived from the original on November 1, 2017. Retrieved May 30, 2017.
48. ^ Kastrenakes, Jacob (April 3, 2017). "FCC removes competition requirement from Charter-TWC merger conditions". The Verge. Archived from the original on June 12, 2017. Retrieved June 30, 2017.
49. Fung, Brian (January 26, 2017). "Verizon is reportedly in talks to merge with Charter, America's second-biggest cable company". The Washington Post. Archived from the original on January 26, 2017. Retrieved January 27, 2017.
50. Robehmed, Natalie (January 26, 2017). "Why A Potential Verizon-Charter Tie-Up Makes Sense". Forbes. Archived from the original on January 26, 2017. Retrieved January 27, 2017.
51. Frankel, Daniel (March 2, 2017). "Charter doesn't need Verizon to buy it, Liberty CEO Maffei says". FierceCable. Questex. Archived from the original on March 9, 2017. Retrieved June 30, 2017.
52. Avery, Greg (February 28, 2017). "Charter doesn't need a Verizon deal, says Liberty's Maffei". Denver Business Journal. American City Business Journals. Archived from the original on June 23, 2017. Retrieved June 30, 2017.
53. Atkinson, Claire; Kosman, Josh (May 31, 2017). "Cable giant Charter snubbed a buyout bid from Verizon". New York Post. Archived from the original on June 28, 2017. Retrieved June 30, 2017.
54. Brodkin, Jon (May 8, 2017). "Comcast and Charter agree not to compete against each other in wireless". Ars Technica. Archived from the original on June 28, 2017. Retrieved June 30, 2017.
55. Atkinson, Claire (June 21, 2017). "Cable giants in talks for yet another high profile merger". New York Post. Archived from the original on June 28, 2017. Retrieved June 30, 2017.
56. keitzmann. "Our Strike". #SPECTRUMSTRIKE. Archived from the original on December 29, 2018. Retrieved December 30, 2018.
57. Ferré-Sadurní, Luis (August 25, 2017). "Spectrum Workers' Strike Approaches 5-Month Mark". The New York Times. ISSN 0362-4331. Archived from the original on December 30, 2018. Retrieved December 30, 2018.
58. Hennelly, Bob (May 12, 2022). "Union Gives Up on Epic Charter/Spectrum Strike". laborpress. Archived from the original on February 8, 2023.
59. Frankel, Daniel (March 12, 2018). "SoftBank back on the Charter hunt? Reportedly buys 5% of cable operator's stock". FierceCable. Questex. Archived from the original on April 8, 2018. Retrieved April 23, 2018.
60. "New York threatens to revoke Charter's purchase of Time Warner Cable". Ars Technica. Archived from the original on July 27, 2018. Retrieved July 27, 2018.
61. "NY says Charter lied about new broadband, threatens to revoke its franchise". Ars Technica. Archived from the original on July 28, 2018. Retrieved July 27, 2018.
62. Aiello, Chloe (July 27, 2018). "New York votes to revoke approval of Charter's Time Warner Cable acquisition". CNBC. Archived from the original on July 27, 2018. Retrieved July 27, 2018.
63. "NY threatens to kick Charter out of the state after broadband failures". Ars Technica. Archived from the original on July 27, 2018. Retrieved July 27, 2018.
64. "NY orders Charter out of state, says it must sell Time Warner Cable system". Ars Technica. Archived from the original on July 28, 2018. Retrieved July 28, 2018.
65. "Charter CEO threatens lawsuit over New York's attempt to kick Spectrum out of the state". The Verge. Archived from the original on August 2, 2018. Retrieved August 2, 2018.
66. Brodkin, Jon (March 8, 2019). "New York hasn't followed through on order to kick Charter out of state". Ars Technica. Archived from the original on April 23, 2019. Retrieved April 23, 2019.
67. Farrell, Mike (December 17, 2018). "NY PSC Extends Deadline for Charter Six-Month Plan". Multichannel. Archived from the original on December 20, 2018. Retrieved December 19, 2018.
68. Brodkin, Jon (April 22, 2019). "Charter avoids getting kicked out of New York, agrees to new merger conditions". Ars Technica. Archived from the original on April 23, 2019. Retrieved April 23, 2019.
69. Spangler, Todd (April 27, 2022). "Comcast, Charter Form Joint Venture to Launch Nationwide Streaming Platform". Variety. Retrieved April 27, 2022.
70. "Spectrum TV Channel Lineup". Spectrum. Retrieved September 17, 2023.
71. Hayes, Dade (July 10, 2023). "Sports On Pay-TV Are Stuck In "Outdated" Model, Charter Concedes In Unveiling New Two-Tier Structure For Spectrum; Non-Fans To Get Cheaper Package". Deadline. Retrieved September 16, 2023.
72. "Charter Communications Announces New, Industry-Leading Distribution Model for Regional Sports Networks | Charter Communications". corporate.charter.com. Retrieved September 16, 2023.
73. Alex Weprin (August 31, 2023). "Disney Channels, Including ABC and ESPN, Go Dark on Charter Spectrum In Major Carriage Dispute". Hollywood Reporter.
74. Brian Steinberg (September 1, 2023). "Charter CEO Seeks To Rewrite Cable Carriage Rules in Disney Dispute". Variety.
75. Weprin, Alex (September 12, 2023). "Disney and Charter Avoided Breaking the Pay TV Bundle. Is That Good?". The Hollywood Reporter. Retrieved September 14, 2023.
76. Hayes, Dade (November 13, 2024). "John Malone's Liberty Broadband To Be Acquired By Charter In All-Stock Deal". Deadline. Retrieved November 13, 2024.
77. "Broadband Map – Provider Coverage – National Broadband Map". National Broadband Map. December 7, 2018. Archived from the original on May 29, 2015. Retrieved May 29, 2015.
78. "Charter Communications Overview and Coverage". broadbandnow.com. Archived from the original on January 10, 2016. Retrieved June 3, 2015.
79. Anders, David (April 21, 2022). "Need Home Internet Service? Find the Internet Providers in Your Area". CNET. Red Ventures. Retrieved May 5, 2022.
80. Paul, Trey (April 29, 2022). "Spectrum Home Internet Review: Keeping Cable Service Simple". CNET. Red Ventures. Retrieved May 5, 2022.
81. Ferrell, Mike (November 14, 2013). "Charter Unveils Spectrum Brand – New Moniker for Digital TV, Broadband and Phone Slated for 2014 Release" Archived July 14, 2014, at the Wayback Machine. Multichannel News. Retrieved May 27, 2015.
82. Staff (undated). "What is Charter Spectrum" Archived July 14, 2014, at the Wayback Machine. Charter Communications. Retrieved May 27, 2015.
83. Enterprise, midsized business and public sector technology solutions. Spectrum Enterprise. Retrieved August 29, 2024.
84. Spectrum Business Official Site – Business Plans, Services & Solutions. Spectrum Business. Retrieved August 29, 2024.
85. "Markets Map". Spectrum Reach. Retrieved July 9, 2023.
86. "Charter Communications Announces Agreement to Sell Systems Serving Approximately 43,700 Customers; Subsidiaries of Orange Broadband Holding Company, LLC to Purchase Charter Assets" (Press release). Spectrum. March 22, 2006. Retrieved May 25, 2008.
87. "Charter Communications Sells Non-Strategic Assets". Saint Louis Front Page. February 28, 2006. Archived from the original on March 29, 2006.
88. Feddersen, Megan (October 14, 2008). "New cable firm seeks support". Fairmont Sentinel. Archived from the original on February 4, 2009.
89. "Midcontinent Expands Network in Minnesota" (Press release). Midcontinent Communications. January 12, 2009. Archived from the original on February 11, 2009.
90. "Charter Completes Sale of Various Cable Systems to Cobridge Communications" (Press release). Spectrum. PR Newswire via Comtex. October 22, 2010. Archived from the original on January 10, 2016. Retrieved June 30, 2017.
91. Charter Communications, Inc v. David L. McCall (U.S. District Court for the Eastern District of Missouri November 18, 2005), Text.
92. "Charter to pay $144M to settle class action suits". St. Louis Business Journal. August 6, 2004. Archived from the original on February 5, 2017. Retrieved June 30, 2017.
93. Robuck, Mike (June 10, 2010). "Charter settles lawsuit with field techs for $18M". CED. Advantage Business Media. Archived from the original on July 15, 2014.
94. "Patent US8082318 – Controlling service requests transmitted from a client to a server". google.com. Archived from the original on February 23, 2017. Retrieved June 30, 2017.
95. "Steelhead Licensing LLC v. Charter Communications Inc. patent lawsuit". priorsmart.com. Archived from the original on February 21, 2014.
96. Patent US 8082318, Michael R Hosking, Simon A Beddus, Patrick B Farley, David Roxburgh, "Controlling service requests transmitted from a client to a server", published December 20, 2011, assigned to British Telecommunications 
97. Littleton, Cynthia (January 28, 2016). "Byron Allen's Entertainment Studios Files $10 Billion Discrimination Lawsuit Against Charter Communications, FCC". Variety. Archived from the original on July 31, 2017. Retrieved June 30, 2017.
98. Soule, Alexander (February 4, 2016). "Charter revenue, losses up amid diversity row". Stamford Advocate. Archived from the original on July 31, 2017. Retrieved June 30, 2017.
99. Brodkin, Jon (May 12, 2016). "Charter blocked customer-owned modems for two years, must pay fine". Ars Technica. Archived from the original on February 11, 2017. Retrieved June 30, 2017.
100. Ramachandran, Shalini (February 1, 2017). "Charter Sued by New York Over Internet Speeds". Wall Street Journal. Archived from the original on May 25, 2017. Retrieved June 30, 2017.
101. Ng, Alfred (February 1, 2017). "Charter's Spectrum sued for slow Internet speeds". CNET. Archived from the original on May 2, 2017. Retrieved June 30, 2017.
102. Gartenberg, Chaim (December 18, 2018). "Charter-Spectrum reaches $174.2 million settlement in New York AG's speed fraud lawsuit". The Verge. Archived from the original on December 20, 2018. Retrieved December 19, 2018.
103. Suntrup, Jack (August 28, 2017). "Charter to pay $225,000 to Missouri in settlement over alleged no-call list violations". stltoday.com. Archived from the original on October 4, 2018. Retrieved December 19, 2018.
104. Marfin, Catherine (July 26, 2022). "Spectrum ordered to pay $7 billion in punitive damages after employee killed Irving woman". Dallas News. The Dallas Morning News. Retrieved July 29, 2022.

External links

• Official website

• Companies in the Nasdaq-100
• Companies listed on the Nasdaq
• Charter Communications
• 1993 establishments in Missouri
• 1999 initial public offerings
• 2010 initial public offerings
• Cable network groups in the United States
• Cable television companies of the United States
• Companies based in Stamford, Connecticut
• Companies that filed for Chapter 11 bankruptcy in 2009
• Internet service providers of the United States
• Mass media companies established in 1993
• Mass media companies of the United States
• Telecommunications companies established in 1993
• Telecommunications companies of the United States