Charter Comm Inc Del CL A New - CHTR STOCK NEWS

Charter Communications (NASDAQ: CHTR) announced that Adam Ray, Executive Vice President and Chief Commercial Officer, will oversee the $3 billion Spectrum Enterprise operation alongside his current duties. Bill Archer, EVP and President of Spectrum Enterprise, will transition to an advisory role before retiring in 2025. Under Archer's leadership, Spectrum Enterprise has achieved over 29% retail revenue growth since 2020, expanded to more than 300,000 fiber-connected buildings, and introduced new products including Enterprise Network Edge and Managed Network Edge. The consolidation aims to enhance operational efficiency and growth in the middle market segment.

Charter Communications reported its Q3 2024 results with revenue growing 1.6% year-over-year to $13.8 billion, driven by residential mobile service revenue growth of 37.6% and Internet revenue growth of 1.7%. Net income was $1.3 billion, while Adjusted EBITDA grew 3.6% to $5.6 billion. The company lost 110,000 Internet customers but added 545,000 mobile lines. Total customer relationships decreased to 31.7 million. Free cash flow increased to $1.6 billion from $1.1 billion year-over-year. Capital expenditures decreased 13.5% to $2.6 billion, and Charter revised its full-year 2024 capital expenditure forecast down to $11.5 billion from $12.0 billion.

Spectrum Community Solutions has launched Spectrum Ready, a new service for multifamily properties and bulk single-family communities. This innovative offering simplifies the move-in process for residents by providing instant activation of Internet and WiFi services without the need for equipment ordering or installation scheduling.

Key features of Spectrum Ready include:

• Pre-installed Internet and WiFi equipment in each unit
• Instant access to Spectrum Internet, Advanced WiFi, and TV packages
• Ability for property owners to use smart technology for unit management
• Easy activation through QR code scanning
• Access to high-speed Internet, Advanced WiFi with 6E technology, and Spectrum TV plans

The service is now available across Spectrum Community Solutions' 41-state footprint, aiming to enhance resident satisfaction and simplify property management.

NBCUniversal and Charter Communications (NASDAQ: CHTR) have announced a multi-year content distribution agreement that includes the addition of Peacock Premium for Spectrum TV Select video customers at no additional cost. The deal ensures Charter's continued carriage of NBCUniversal's full portfolio of networks while advancing Charter's strategy of including streaming apps in the cable bundle.

Key points of the agreement include:

• Charter will provide up to $65 per month of retail direct-to-consumer streaming value to Spectrum TV Select customers
• Peacock Premium+ (ad-free) upgrade option for video customers
• Peacock products available for purchase to broadband-only customers in 2025
• Continued carriage of NBC- and Telemundo-owned stations, and various NBCUniversal networks

The partnership aims to enhance customer value and flexibility in viewing options, aligning with current preferences for both traditional TV and streaming services.

Charter Communications, Inc. (NASDAQ: CHTR) has announced a webcast scheduled for Friday, November 1, 2024, at 8:30 a.m. Eastern Time to discuss its financial and operating results for the third quarter ended September 30, 2024. The company will release a press report with these results at 7:00 a.m. ET on the same day. Investors can access the live webcast through Charter's investor relations website at ir.charter.com, where it will also be archived approximately two hours after completion.

Charter Communications is a leading broadband connectivity company and cable operator, serving over 57 million homes and businesses in 41 states through its Spectrum brand. The company offers a range of services including Spectrum Internet®, TV, Mobile, and Voice, as well as tailored solutions for businesses of various sizes.

Broadcom, Charter Communications, and Comcast have announced a joint development of Unified DOCSIS chipsets for network nodes, smart amps, and cable modems. This collaboration aims to enable both FDX and ESD versions of the DOCSIS 4.0 specification, potentially delivering speeds up to 25 Gbps over existing networks. The initiative includes:

1. Economies of scale for the industry
2. A robust vendor ecosystem
3. Streamlined CableLabs certification

The technology will incorporate advanced Artificial Intelligence and Machine Learning capabilities, utilizing Broadcom's embedded Neural Processing Unit (NPU). This will enhance network performance, security, and reliability through features like channel anomaly detection, predictive network management, and advanced cybersecurity.

The collaboration also sets the stage for the next generation of DOCSIS, with plans to develop a path to 25 Gbps speeds by expanding supported bandwidth on hybrid fiber coax networks up to 3 GHz.

Spectrum Reach, the advertising arm of Charter Communications, has announced a multi-year collaboration with Amazon Ads, becoming a Local Reseller for Amazon Ads inventory. This partnership aims to provide small and medium-sized businesses with access to a broader advertising reach, potentially covering almost every household in their region.

The collaboration combines Spectrum Reach's streaming and traditional TV inventory with Amazon Ads offerings, creating a comprehensive advertising solution. Spectrum Reach, already a leading streaming solution in its footprint, reaches nearly 90% of viewers watching. This partnership allows local SMB advertisers to simplify media fragmentation and more accurately measure and optimize their advertising spend using first-party data.

Spectrum Reach's advertising inventory includes access to over 450 streaming and traditional networks, enabling ad placement across TV, streaming, online video, display, search, and social media platforms.

Charter Communications has awarded $1.3 million in grants to 66 nonprofit organizations through its 2024 Spectrum Digital Education program. This initiative has now surpassed $10 million in total funding since its launch in 2017. The program aims to improve digital literacy, workforce development, and educational access in underserved communities across Charter's 41-state service area.

Key achievements include:

• Sponsoring over 40,000 digital education classes
• Benefiting more than 163,000 community members
• Distributing over 18,500 laptops

The grants support various initiatives, including digital skills training for seniors, workforce development programs, and computer science education for girls in rural and tribal communities.

Spectrum has announced a groundbreaking Customer Commitment and new pricing strategy, emphasizing its customer-first philosophy. The commitment includes four pillars: Reliable Connectivity, Transparency, Exceptional Service, and Always Improving. Spectrum is offering new guaranteed pricing for up to three years when services are bundled, with Spectrum Internet starting at $30/month for 500 Mbps when bundled with two lines of Mobile or Video service. Existing customers will receive free speed upgrades to 400 and 600 Mbps for Internet and Internet Ultra, respectively. The company also introduced its new 'Life Unlimited' brand platform, emphasizing how Spectrum's advanced network and connectivity products create opportunities for customers.