NEW YORK, Nov. 13, 2024 /PRNewswire/ -- Rowley Law PLLC is investigating potential securities law violations by Liberty Broadband Corporation (NASDAQ: LBRDA) and its board of directors concerning the proposed acquisition of the company by Charter Communications, Inc. (NASDAQ: CHTR). Stockholders will receive 0.236 shares of Charter Communications common stock for each share of Liberty Broadband stock that they hold. The transaction is expected to close by the end of the second quarter of 2027.
STAMFORD, Conn. and ENGLEWOOD, Colo., Nov. 13, 2024 /PRNewswire/ -- Charter Communications, Inc. (NASDAQ: CHTR) (along with its subsidiaries, "Charter") and Liberty Broadband Corporation (NASDAQ: LBRDA, LBRDK, LBRDP) announced today that they have entered into a definitive agreement under which Charter has agreed to acquire Liberty Broadband in an all-stock transaction.
Under the terms of the agreement, each holder of Liberty Broadband Series A common stock, Series B common stock, and Series C common stock (collectively, "Liberty Broadband common stock") will receive 0.236 of a share of Charter common stock per share of Liberty Broadband common stock held, with cash to be issued in lieu of fractional shares. Each holder of Liberty Broadband Series A cumulative redeemable preferred stock ("Liberty Broadband preferred stock") will receive one share of newly issued Charter cumulative redeemable preferred stock ("Charter preferred stock") per share of Liberty Broadband preferred stock held, which Charter preferred stock will substantially mirror the current terms of the Liberty Broadband preferred stock.
STAMFORD, Conn., Nov. 11, 2024 /PRNewswire/ -- Charter Communications, Inc. (NASDAQ: CHTR) (along with its subsidiaries, "Charter") today announced that Christopher Winfrey, President and Chief Executive Officer, will participate in Liberty Media Corporation's annual Investor Meeting in New York, New York on Thursday, November 14, 2024. Mr. Winfrey's remarks are scheduled to begin at approximately 1:40 p.m. ET. Mr. Winfrey will also participate in a Q&A session beginning at approximately 2:30 p.m. ET.
Thirty-Five Year Telecom Veteran Bill Archer, Executive Vice President and President, Spectrum Enterprise, Transitions to Advisory Role in Advance of 2025 Retirement
STAMFORD, Conn., Nov. 5, 2024 /PRNewswire/ -- Charter Communications, Inc. (NASDAQ: CHTR) today announced that Adam Ray, Charter's Executive Vice President and Chief Commercial Officer, will oversee the nearly $3 billion Spectrum Enterprise operation in addition to his current responsibilities. Bill Archer, Executive Vice President and President, Spectrum Enterprise, a 35-year telecommunications veteran, will transition to an advisory role to Mr. Ray until his retirement in 2025.
STAMFORD, Conn., Nov. 1, 2024 /PRNewswire/ -- Charter Communications, Inc. (along with its subsidiaries, the "Company" or "Charter"), which operates the Spectrum brand, today reported financial and operating results for the three and nine months ended September 30, 2024.
Third quarter total Internet customers decreased by 110,000. As of September 30, 2024, Charter served 30.3 million Internet customers.Third quarter total mobile lines increased by 545,000. As of September 30, 2024, Charter served 9.4 million mobile lines.As of September 30, 2024, Charter had a total of 31.7 million customer relationships, excluding mobile-only relationships.Third quarter revenue of $13.8 billion grew by 1.6% year-over-year, driven by residential mobile service revenue growth of 37.6% and residential Internet revenue growth of 1.7%.Net income attributable to Charter shareholders totaled $1.3 billion in the third quarter.Third quarter Adjusted EBITDA1 of $5.6 billion grew by 3.6% year-over-year.Third quarter capital expenditures totaled $2.6 billion and included $1.1 billion of line extensions.Third quarter net cash flows from operating activities totaled $3.9 billion, in-line with the prior year period.Third quarter free cash flow1 of $1.6 billion increased from $1.1 billion in the prior year, primarily driven by lower capital expenditures and higher Adjusted EBITDA.During the third quarter, Charter purchased 844 thousand shares of Charter Class A common stock and Charter Communications Holdings, LLC ("Charter Holdings") common units for $262 million.
New Multi-Year Partnership Includes Continued Carriage of NBCUniversal's Broadcast and Cable Networks and Peacock Premium for Spectrum Video Customers at No Additional Cost
NEW YORK and STAMFORD, Conn., Oct. 2, 2024 /PRNewswire/ -- NBCUniversal and Charter Communications, Inc. (NASDAQ: CHTR) today announced a holistic content distribution agreement that further transforms the rapidly shifting video landscape by adding NBCUniversal's Peacock, NBCUniversal's streaming service, for Spectrum TV Select video customers. Through this mutually beneficial multi-year deal, Charter will continue its carriage of NBCUniversal's full portfolio of broadcast, entertainment, Hispanic, news and sports networks while advancing its industry-leading strategy of including streaming apps in the cable bundle by making ad-supported Peacock available to Spectrum TV Select customers at no additional cost in the coming months.
STAMFORD, Conn., Oct. 1, 2024 /PRNewswire/ -- Charter Communications, Inc. (NASDAQ: CHTR) (the "Company" or "Charter") will host a webcast on Friday, November 1, 2024 at 8:30 a.m. Eastern Time (ET) to discuss financial and operating results for the quarter ended September 30, 2024. A press release reporting such results will be issued at 7:00 a.m. ET on November 1.
The webcast can be accessed live via the Company's investor relations website at ir.charter.com. The webcast will be archived at ir.charter.com approximately two hours after completion of the webcast.
Embedded AI/ML Capabilities to Improve Performance and Reliability, Create Economies of Scale and Chart a Path to 25Gbps Future Over Existing Network Infrastructure
PALO ALTO, Calif. and STAMFORD, Conn. and PHILADELPHIA, Sept. 25, 2024 /PRNewswire/ -- Broadcom Inc., Charter Communications, and Comcast today announced a joint development of Unified DOCSIS chipsets for network nodes, smart amps, and cable modems, enabling both FDX and ESD versions of the DOCSIS 4.0 specification, and setting the stage to deliver upwards of 25 Gbps speeds over existing networks. This specification brings together all the benefits of both DOCSIS ESD and DOCSIS FDX and includes support for both mid-split and high-split configurations.
Spectrum Reach Becomes a Local Reseller for Amazon Ads; Now Small and Medium-Sized Businesses Can Reach Virtually Every Household in Region
NEW YORK, Sept. 18, 2024 /PRNewswire/ -- Spectrum Reach, the advertising sales business of Charter Communications, Inc., the number one TV provider in the nation¹, today announced a multi-year collaboration with Amazon Ads, making Spectrum Reach a Local Reseller for Amazon Ads advertising inventory. Spectrum Reach will bring together its streaming and traditional (i.e., linear) TV inventory, data and overall scale alongside Amazon Ads offerings to offer local small and medium-sized business advertisers the ability to reach nearly every household in their respective region.
Funding to Help 66 Nonprofits Connect Communities with Digital Tools, Resources and Skills Training
Since Launch, Program Has Sponsored 40,000+ Digital Education Classes and Benefited 163,000+ Community Members
STAMFORD, Conn., Sept. 18, 2024 /PRNewswire/ -- Charter Communications, Inc., which operates the Spectrum brand of connectivity and entertainment services, today awarded $1.3 million in grants to 66 nonprofit organizations through its 2024 Spectrum Digital Education program. Since launching in 2017, the program has committed more than $10 million to nonprofits focused on improving digital literacy, workforce development and educational access in unserved and undeserved communities across Charter's 41-state service area.
Customer-First Commitment Promises Bill Credits if Service is Disrupted and Guaranteed Pricing for Up to Three Years with No Annual Contracts
Unveils New Spectrum Brand Platform 'Life Unlimited'
STAMFORD, Conn., Sept. 16, 2024 /PRNewswire/ -- Spectrum today made a series of announcements building on the Company's customer-first philosophy, backed by money-back guarantees. They include a first-of-its-kind Customer Commitment that provides performance and service benchmarks to Spectrum customers and a new and simplified pricing strategy that enables customers to choose bundles with price guarantees, including a 500 Mbps Spectrum Internet plan starting at $30 per month when bundled with two lines of Spectrum's fastest Mobile and/or Spectrum Video service. Additionally, all current Spectrum Internet and Spectrum Internet Ultra customers will have their speeds automatically increased for free to 400 and 600 Mbps, respectively.
Partnership Between Two of the Largest Media and Distribution Companies Combines Linear Video and Direct-to-Consumer Streaming Services for Maximum Customer Value
NEW YORK and STAMFORD, Conn., Sept. 12, 2024 /PRNewswire/ -- Warner Bros. Discovery Inc. (NASDAQ: WBD) and Charter Communications, Inc. (NASDAQ: CHTR) today announced a groundbreaking, multi-year distribution partnership that re-imagines the future of video by fully integrating linear video and streaming services. With this early renewal, the agreement further evolves the video ecosystem with more value and flexibility in video bundles, deeper libraries and more choice to better align with customers' current viewing preferences.
Ad-Supported AMC+ will be Included in All Spectrum TV Select Packages at No Additional Cost to Customers
Charter to Make AMC+ Available for Purchase by Internet-Only Customers
NEW YORK and STAMFORD, Conn., Sept. 4, 2024 /PRNewswire/ -- AMC Networks (NASDAQ: AMCX) and Charter Communications, Inc. (NASDAQ: CHTR) today announced they have agreed to an early renewal of their distribution agreement that will allow Charter to carry AMC Networks' portfolio of linear cable networks for multiple years to come. Continuing Charter's industry-leading strategy of including programmer streaming apps in the cable bundle to enhance the value proposition, the ad-supported version of AMC Networks' direct-to-consumer streaming service AMC+ will be included at no additional cost to Charter's Spectrum TV Select customers. Additionally, Charter will make AMC+ available for purchase to its millions of Internet-only customers.
Ad-Supported Streaming Home to Live Sports on CBS and Top-Rated Original Shows "Tulsa King" and "SpongeBob SquarePants" Now Included for Spectrum Video Customers at No Extra Cost
STAMFORD, Conn. and NEW YORK, Aug. 22, 2024 /PRNewswire/ -- Charter Communications, Inc. (NASDAQ: CHTR) and Paramount Global (NASDAQ: PARA, PARAA) today announced that the ad-supported version of Paramount's direct-to-consumer streaming service, Paramount+ Essential, is now available in all Spectrum TV Select and Mi Plan Latino packages nationwide at no additional cost. As part of the companies' new multi-year distribution agreement, Spectrum video customers can immediately begin streaming over 40,000 episodes of shows and movies, including top-rated original series like "Tulsa King," "Special Ops: Lioness," "SpongeBob SquarePants," and "Big Brother," plus live sports on CBS, through the Xumo Stream Box or any other Paramount+ supported device.
STAMFORD, Conn., Aug. 16, 2024 /PRNewswire/ -- Charter Communications, Inc. (NASDAQ: CHTR) (along with its subsidiaries, "Charter") today announced that Christopher Winfrey, President and Chief Executive Officer, will participate in the Goldman Sachs Communacopia + Technology Conference in San Francisco, California on Wednesday, September 11, 2024. Mr. Winfrey's remarks are scheduled to begin at 9:30 a.m. PT (12:30 p.m. ET).
STAMFORD, Conn., Aug. 16, 2024 /PRNewswire/ -- Charter Communications, Inc. (NASDAQ: CHTR) (along with its subsidiaries, "Charter") today announced that Jessica Fischer, Chief Financial Officer, will participate in the Bank of America 2024 Media, Communications and Entertainment Conference in New York, New York on Wednesday, September 4, 2024. Ms. Fischer's remarks are scheduled to begin at 11:20 a.m. ET.
Award-Winning Accomplishments Include Apple's "Shot on iPhone" Campaign
STAMFORD, Conn., Aug. 12, 2024 /PRNewswire/ -- Charter Communications Inc. (NASDAQ: CHTR) today announced that Simon Cassels, a seasoned marketing and creative executive for brands including GoodRx, Ring/Amazon and Apple's dedicated agency TBWA\Media Arts Lab, has been named Senior Vice President and Chief Creative Officer, effective immediately. In his new role, Mr. Cassels will oversee Charter's creative strategies to evolve Spectrum's brand identity and drive company growth.
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