| Revision as of 23:33, 2 November 2005 editJwestbrook (talk | contribs)Extended confirmed users1,814 edits rv edits by 152.23.78.227← Previous edit | Revision as of 00:58, 3 November 2005 edit undoRd232 (talk | contribs)54,863 edits delistify subscriber numbers, add source and short story on fraudNext edit → | ||
| Line 3: | Line 3: | ||
| company_logo = ] | | company_logo = ] | | ||
| company_type = ] {{NASDAQ|CHTR}} | | company_type = ] {{NASDAQ|CHTR}} | | ||
| foundation = |
foundation = 1993 | | ||
| location = ] | | location = ] | | ||
| key_people = Neil Smit, CEO<br>Wayne H. Davis, Executive VP and CTO<br>Michael J. Lovett, Executive VP and COO| | key_people = Neil Smit, CEO<br>Wayne H. Davis, Executive VP and CTO<br>Michael J. Lovett, Executive VP and COO| | ||
| Line 14: | Line 14: | ||
| }} | }} | ||
| '''Charter Communications''' {{NASDAQ|CHTR}} is a company providing ], ], ], and ] services over 6.2 million subscribers in 40 states in the ]. It is #4 in the cable television market behind ], ], and ] | '''Charter Communications''' {{NASDAQ|CHTR}} is a company providing ], ], ], and ] services over 6.2 million subscribers in 40 states in the ]. It is #4 in the cable television market behind ], ], and ] | ||
| After being founded in 1993, a series of acquisitions as well as organic growth allowed its subscriber base to reach 1 million customers in 1998, 3.9 million in 1999, and 6.8 million in 2002 (2.3 million of which were digital cable service subscribers and nearly 750,000 broadband Internet service subscribers). | |||
| The company was involved in an accounting fraud in 2000/2001 (relating to the inflation of revenue and operating cash flow and cable subscriber numbers) for which four former executives were convicted in 2005. The company had been under financial pressure following a series of acquisitions; its stock peaked at $27.75 per share in November 1999, before falling to under $1 in 2002. | |||
| ==History== | ==History== | ||
| * |
*1993 The company was started by three executives of a local cable franchise in ] | ||
| *1994 Charter paid about $900 million for a controlling interest in ] | *1994 Charter paid about $900 million for a controlling interest in ] | ||
| *1997 ] and Charter join forces to deliver high-speed Internet access through cable modems to Charter's customers in California. | *1997 ] and Charter join forces to deliver high-speed Internet access through cable modems to Charter's customers in California. | ||
| *1998 ] buys a controlling interest | *1998 ] buys a controlling interest | ||
| *1998 Subscriber base has grown to 1 million | |||
| *1998 Charter paid $2.8 billion to acquire Dallas cable company Marcus Communications | *1998 Charter paid $2.8 billion to acquire Dallas cable company Marcus Communications | ||
| *1998 the ] investigates a buying binge by the company which leads to the indictment of four former executives for improper financial reporting | *1998 the ] investigates a buying binge by the company which leads to the indictment of four former executives for improper financial reporting | ||
| ⚫ | *1999 Company goes public, trading on the NASDAQ stock exchange | ||
| *1999 Subscriber base has grown to 3.9 million | |||
| ⚫ | *1999 Company goes public trading on the NASDAQ stock exchange | ||
| *2001 ] and Charter sign an agreement to offer MSN content and services to Charter’s broadband customers. | *2001 ] and Charter sign an agreement to offer MSN content and services to Charter’s broadband customers. | ||
| *2001 Recipient of many awards including the Outstanding Corporate Growth Award from the Association for Corporate Growth, the ] 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 | *2001 Recipient of many awards including the Outstanding Corporate Growth Award from the Association for Corporate Growth, the ] 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 | ||
| *2002 Subscriber base has grown to 6.8 million (2.3 million of those customers had digital cable service and nearly 750,000 had broadband Internet service) | |||
| *2004 Charter settles a class action lawsuit concerning the questionable financial reporting | *2004 Charter settles a class action lawsuit concerning the questionable financial reporting | ||
| ==External links== | |||
| * ], ], 2005, | |||
| {{telecom-corp-stub}} | {{telecom-corp-stub}} | ||
| ] | ] | ||
Revision as of 00:58, 3 November 2005
| File:Charter logo.gif | |
| Company type | Public Nasdaq: CHTR |
|---|---|
| Industry | Telecommunications |
| Founded | 1993 |
| Headquarters | St. Louis, MO |
| Key people | Neil Smit, CEO Wayne H. Davis, Executive VP and CTO Michael J. Lovett, Executive VP and COO |
| Products | cable television, HDTV, cable telephone, broadband |
| Revenue | $4,977 million (2004) |
| Operating income | 11,962,000,000 United States dollar (2022)  |
| Net income | 5,055,000,000 United States dollar (2022) |
| Number of employees | 15,500 (2004) |
| Website | www.charter.com |
Charter Communications Nasdaq: CHTR is a company providing cable television, HDTV, cable telephone, and broadband services over 6.2 million subscribers in 40 states in the United States. It is #4 in the cable television market behind Comcast, Time Warner Cable, and Cox Communications
After being founded in 1993, a series of acquisitions as well as organic growth allowed its subscriber base to reach 1 million customers in 1998, 3.9 million in 1999, and 6.8 million in 2002 (2.3 million of which were digital cable service subscribers and nearly 750,000 broadband Internet service subscribers).
The company was involved in an accounting fraud in 2000/2001 (relating to the inflation of revenue and operating cash flow and cable subscriber numbers) for which four former executives were convicted in 2005. The company had been under financial pressure following a series of acquisitions; its stock peaked at $27.75 per share in November 1999, before falling to under $1 in 2002.
History
- 1993 The company was started by three executives of a local cable franchise in St. Louis
- 1994 Charter paid about $900 million for a controlling interest in Crown Media
- 1997 EarthLink and Charter join forces to deliver high-speed Internet access through cable modems to Charter's customers in California.
- 1998 Paul Allen buys a controlling interest
- 1998 Charter paid $2.8 billion to acquire Dallas cable company Marcus Communications
- 1998 the SEC investigates a buying binge by the company which leads to the indictment of four former executives for improper financial reporting
- 1999 Company goes public, trading on the NASDAQ stock exchange
- 2001 MSN and Charter sign an agreement to offer MSN content and services to Charter’s broadband customers.
- 2001 Recipient of many 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
- 2004 Charter settles a class action lawsuit concerning the questionable financial reporting
External links
- Associated Press, April 23, 2005, "Charter Communications executives sentenced in accounting schemes"
 | This article about a telecommunications company is a stub. You can help Misplaced Pages by expanding it. |