Charter Comm Inc Del CL A New - CHTR STOCK NEWS

Charter Communications Inc. (NASDAQ: CHTR) has appointed Simon Cassels as Senior Vice President and Chief Creative Officer, effective immediately. Cassels, with a background in marketing for brands like GoodRx, Ring/Amazon, and Apple, will oversee Charter's creative strategies to evolve Spectrum's brand identity and drive company growth. He will lead efforts to elevate the Spectrum brand, develop marketing strategies, and oversee positioning of Spectrum's products and services.

Cassels's experience includes creating Apple's 'Shot on iPhone' campaign and serving as Chief Marketing Officer at Ring. At GoodRx, he increased brand awareness and helped over 25 million customers in 2023. His role at Charter will focus on establishing a differentiated customer experience and identifying growth opportunities.

Spectrum Business and EverPass Media have announced a strategic partnership to offer NFL Sunday Ticket and Peacock Sports Pass to commercial customers across Spectrum's 41-state footprint. As EverPass' first Official Channel Partner, Spectrum will provide these streaming services to bars, restaurants, and hotels. Additionally, Spectrum is launching a new Sports Fan TV package featuring over 40 live and local sports channels, available to new business customers at introductory prices of $79.99/month standalone or $59.99/month when bundled.

The partnership aims to deliver a comprehensive sports solution, including almost all NFL games, college football, and professional sports. NFL Sunday Ticket broadcasts out-of-market Sunday afternoon NFL games, while Peacock Sports Pass offers exclusive access to events like Big Ten football and basketball, Premier League matches, and the NFL's first regular-season game in Brazil.

Charter Communications announced its Q2 2024 financial results, showing a marginal revenue increase of 0.2% YoY to $13.7 billion. Despite a net loss of 149,000 residential and SMB internet customers, total mobile lines surged by 557,000. The company reported $1.2 billion in net income and a 2.6% rise in Adjusted EBITDA to $5.7 billion. Capital expenditures reached $2.9 billion, with significant investment in line extensions. Free cash flow increased substantially to $1.3 billion from $668 million a year ago. Charter repurchased 1.5 million shares for $404 million, while total debt stood at $96.5 billion.

Charter Communications and TelevisaUnivision have announced that ViX's ad-supported premium subscription, 'Premium with Ads,' is now available to Spectrum TV Select and Mi Plan Latino customers at no additional cost. This new offering includes access to over 17,000 hours of premium original series, movies, and live sports, including the CONMEBOL Copa América and UEFA Euro 2024 semifinals and final games. Spectrum customers can now enjoy extensive Spanish-language content, including popular series like 'Lalola' and 'El Gallo de Oro,' as well as hit movies and new releases. This initiative is part of Charter's strategy to add value to its video services by integrating streaming apps into its packages without additional charges.

Charter Communications (NASDAQ: CHTR) will host a webcast on July 26, 2024, at 8:30 a.m. ET to discuss its Q2 2024 financial and operating results. The press release with detailed results will be issued at 7:00 a.m. ET the same day. The webcast will be accessible via the company's investor relations website and archived two hours post-completion.

Charter Communications, a major broadband connectivity and cable operator, serves over 32 million customers across 41 states under the Spectrum brand. The company provides a comprehensive range of residential and business services, including internet, TV, mobile, and voice. Spectrum Business caters to small and medium-sized businesses, while Spectrum Enterprise offers custom fiber-based solutions for large businesses and government entities. Spectrum Reach focuses on advertising and media production, and Spectrum Networks delivers news and sports content.

Charter Communications announced that 15 college students will each receive a $20,000 scholarship and participate in a two-year educational and professional development program as part of the Spectrum Scholars initiative. This $300,000 commitment brings Spectrum's total scholarships awarded to $1 million since 2020. The program includes mentorship, networking events, career readiness education, and paid internships, aiming to develop young professionals and expand their career opportunities. The 2024-2025 class was selected from over 930 applicants and includes students from eight states and various academic majors.

Charter Communications announced a $1 million commitment to its Spectrum Digital Education initiative for 2024, raising its total investment to $10 million since 2017. The grants aim to expand access to connectivity tools and digital education in the communities served by Spectrum. Since its inception, 261 grants have been awarded to 143 organizations, benefiting over 163,000 people, distributing more than 18,500 devices, and sponsoring over 40,000 digital education classes. Nonprofits can apply for the grants from June 5 to June 26, 2024. The initiative supports various programs, including digital skills training for seniors, professional advancement for adults, and technology for students.

Paramount Global and Charter Communications announced a new multi-year distribution agreement to extend their partnership.

This deal will allow Paramount's linear cable networks, CBS stations, and streaming services to continue being available on Charter's Spectrum packages. Popular channels like BET, Comedy Central, MTV, and Nickelodeon will remain accessible, along with Paramount+ with Showtime.

The ad-supported versions of Paramount+ Essential and BET+ Essential will be added at no extra cost to Spectrum subscribers. Internet-only customers can purchase Paramount's streaming services through Charter.

Charter will benefit from revenue shares on new subscriptions and ad-free upgrades. Financial terms of the deal were not disclosed.

Paramount Global and Charter Communications have announced a new multi-year distribution deal for Paramount's linear networks, CBS owned-and-operated stations, and direct-to-consumer streaming services.

In this agreement, ad-supported versions of Paramount+ Essential and BET+ Essential will be available at no extra cost to Spectrum TV customers. Charter will also offer Paramount's streaming services for purchase to its internet-only customers.

This deal aims to add value for consumers and provide new distribution opportunities, with Spectrum continuing to carry popular networks like CBS, BET, MTV, and more. Financial terms remain undisclosed.