Charter Comm Inc Del CL A New - CHTR STOCK NEWS

Charter Communications announced the distribution of $1 million in 2021 Spectrum Digital Education grants to 49 nonprofits across 16 states and Washington, D.C. This initiative is part of a five-year, $7 million commitment to enhancing digital literacy among underserved communities. The funding will support programs aimed at improving broadband access and training, thereby promoting financial stability and connectivity for families, particularly in rural and urban areas.

Charter Communications (NASDAQ: CHTR) announced the closing of $2.0 billion in senior unsecured notes due 2034, with a 4.250% interest rate. The notes were issued at 100% of the principal amount and sold to qualified institutional buyers under Rule 144A as well as to non-U.S. persons under Regulation S. The issuance is not registered under the Securities Act of 1933, hence it's subject to specific exemptions for offers and sales in the U.S. Charter provides broadband and cable services to over 31 million customers across 41 states through its Spectrum brand.

Charter Communications (NASDAQ: CHTR) has promoted Jodi Robinson to EVP of Digital Platforms and Jake Perlman to EVP of Software Development & IT. Robinson will lead the expansion of Digital Platforms, enhancing video product management and customer self-service areas. Perlman will unify software development and IT, aiming for improved efficiency and customer experiences. Both leaders have extensive backgrounds in technology and software development, and their promotions are expected to accelerate Charter's growth and enhance service delivery.

Charter Communications (NASDAQ: CHTR) announced the pricing of $2.0 billion in senior unsecured notes due 2034, with a 4.250% interest rate. The proceeds will be used for general corporate purposes, including repayment of debt and potential stock buybacks. The offering is set to close on August 16, 2021, subject to market conditions. The notes are offered to qualified institutional buyers under Rule 144A and to non-U.S. persons under Regulation S, without registration under the Securities Act. This announcement reflects Charter's strategic financial management and commitment to shareholder value.

Charter Communications (NASDAQ: CHTR) announced the intention of its subsidiaries, CCO Holdings, LLC and CCO Holdings Capital Corp., to offer senior unsecured notes due 2034. The net proceeds from this offering will be used for general corporate purposes, including debt repayment and potential buybacks of Class A common stock. The offering is targeted at qualified institutional buyers and will comply with regulatory requirements. As a leading broadband connectivity company, Charter serves over 31 million customers in 41 states through its Spectrum brand.

Charter Communications reported strong financial results for Q2 2021, with total revenues up 9.5% year-over-year to $12.8 billion, driven by significant growth in Internet, mobile, and advertising sales. The company added 332,000 new residential and SMB customer relationships, reaching a total of 31.8 million. Adjusted EBITDA increased by 11.8% to $5.0 billion, while net income rose to $1.0 billion. Despite these gains, the company experienced a decline in residential video and voice customers. Capital expenditures totaled $1.9 billion, and free cash flow grew by 10.8% to $2.1 billion.

Comscore (NASDAQ: SCOR) announces that Spectrum Reach (NASDAQ: CHTR) will use its audience measurement currency in the Southeast region. This transition is aimed at moving beyond traditional demographics to more detailed, data-driven metrics. Beth Plummer, Spectrum Reach's Senior VP, emphasized the need for granular data for audience targeting. Comscore aims to provide reliable viewership insights, enhancing advertising effectiveness. Strong Automotive Merchandising has already adopted Comscore's measurement tools, indicating confidence in its stability and accuracy.

Orbital Energy Group's subsidiary, Gibson Technical Services, has secured a project from Charter Communications for approximately 8,600 miles of full-service construction across Louisiana, Alabama, and North Carolina. This initiative is part of the Federal Government's Rural Digital Opportunity Fund, which allocates $20.4 billion for broadband expansion. Charter's $5 billion investment, supported by $1.2 billion from the RDOF auction, aims to enhance broadband access for over 1 million locations. The project is set to begin immediately and spans 5-6 years.

ViacomCBS Inc. (NASDAQ: VIAC, VIACA) and Charter Communications, Inc. (NASDAQ: CHTR) have signed multi-year distribution agreements for the continued carriage of ViacomCBS’ networks and streaming services, including Paramount+, Pluto TV, BET+, and Noggin, to Spectrum customers. This collaboration aims to adapt to the evolving subscription video market while enhancing customer choice and experience. The agreements also focus on advancing addressable media and advertising strategies, although specific financial terms were not disclosed.