Charter Comm Inc Del CL A New - CHTR STOCK NEWS

Charter Communications (NASDAQ: CHTR) announced the retirement of President and COO John Bickham at the end of 2022 after 35 years in the industry. Chairman and CEO Tom Rutledge praised Bickham's contributions to the company's growth. In anticipation of this transition, Rich DiGeronimo, Chief Product and Technology Officer, will oversee Spectrum Reach, while Chris Winfrey, CFO, will take on additional responsibilities in Sales and Marketing. Charter continues to serve over 31 million customers across 41 states, providing a range of broadband and cable services.

Charter Communications (NASDAQ: CHTR) has announced a multiyear initiative to invest approximately $5 billion to expand broadband access to over 1 million unserved locations, supported by $1.2 billion from the RDOF Phase I auction. This plan aims to provide gigabit high-speed internet, enhancing connectivity in rural areas across 24 states. Charter expects to hire over 2,000 employees for this buildout, which will increase the company's network mileage by 15% and drive long-term customer growth, while maintaining its customer-friendly policies.

Charter Communications reported strong financial results for Q4 and the full year 2020. The company served 31.1 million customers, adding 1.9 million customers over the year. Q4 revenues reached $12.6 billion, a 7.3% increase year-over-year, driven by significant growth in mobile (80.9%) and advertising (43.9%) revenues. Adjusted EBITDA grew 10.2% to $5.0 billion. Full-year revenue rose to $48.1 billion, net income attributable to shareholders reached $3.2 billion, and free cash flow was $7.1 billion. Charter also repurchased $12.1 billion in shares during 2020.

Comscore (Nasdaq: SCOR) announced a strategic cash investment totaling $204 million from Charter Communications, Qurate Retail, and Cerberus Capital Management, aimed at enhancing financial flexibility and reducing debt. Each investor will acquire 27.5 million convertible preferred shares at $2.47 per share. The funds will also support improved audience measurement capabilities, leveraging data access from Charter and Comcast. The investment requires shareholder approval and includes a 7.5% annual cash dividend.

Charter Communications (NASDAQ: CHTR) will hold a conference call on January 29, 2021, at 8:30 a.m. ET, to discuss its financial and operating results for Q4 and the year ending December 31, 2020. A press release with the results will be available at 7:00 a.m. ET the same day. The call will be accessible via the investor relations website and by phone, with specific dial-in information provided. The call will be archived for replay shortly after its conclusion.

Charter Communications (NASDAQ: CHTR) announced the closing of a $3.0 billion offering of senior secured notes with different maturity dates. This includes $1.0 billion in 2032 notes at 2.300% interest, $650 million in 2051 notes at 3.700%, and $1.35 billion in 2061 notes at 3.850% interest. The issuance was made under an effective shelf registration statement filed with the SEC. The offering was managed by Deutsche Bank, J.P. Morgan, and Morgan Stanley. The company serves over 30 million customers through its Spectrum brand, providing a variety of broadband and cable services.

Charter Communications (NASDAQ: CHTR) announced that CEO Tom Rutledge will speak at the UBS Global TMT Virtual Conference on December 7, 2020, starting at 1:00 p.m. EST. A live webcast of the event will be available on Charter's investor relations website, with a recording accessible afterward. Charter is a leading broadband and cable operator serving over 30 million customers across 41 states through its Spectrum brand, offering internet, TV, mobile, and voice services.

Charter Communications (NASDAQ: CHTR) announced the pricing of $3.0 billion in senior secured notes across three tranches: $1.0 billion due 2032 at 2.300% interest, $650 million due 2051 at 3.700%, and $1.35 billion due 2061 at 3.850%. The offering aims to fund general corporate purposes, including stock buybacks and debt repayment. The closing is set for December 4, 2020, pending customary conditions. The notes were offered under an SEC automatic shelf registration statement, managed by Deutsche Bank, J.P. Morgan, and Morgan Stanley.

Charter Communications (NASDAQ: CHTR) announced its intention to offer three series of senior secured notes: 2032 Notes, 2051 Notes, and 2061 Notes. The offering is part of an effective automatic shelf registration statement filed with the SEC. Proceeds from the sale will be used for general corporate purposes, including potential stock buybacks and debt repayment. Deutsche Bank, J.P. Morgan, and Morgan Stanley will act as Joint Book-Running Managers for the offering. The transaction is subject to market conditions and will be further detailed in a prospectus supplement.