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Charter Comm Inc Del CL A New - CHTR STOCK NEWS

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Charter Communications, Inc. (NASDAQ: CHTR), operating under the Spectrum brand, is a leading broadband connectivity company and the second-largest cable operator in the United States. The company emerged in 2016 from the merger of Legacy Charter, Time Warner Cable, and Bright House Networks. Charter now offers television, internet access, and phone services to approximately 57 million U.S. homes and businesses, covering around 40% of the country. With over 32 million customers, including 30 million residential and 2 million commercial accounts, Charter delivers a range of advanced communications services.

Under the Spectrum brand, Charter offers a comprehensive suite of services:

  • Spectrum Internet® - High-speed internet services with a focus on providing multi-gigabit speeds and symmetrical connections. The network evolution aims to ensure optimal performance and reliability.
  • Spectrum TV® - A robust television service that includes popular news and entertainment networks as well as sports channels through partnerships with Spectrum SportsNet, SportsNet LA, SportsNet New York, and Spectrum News NY1.
  • Spectrum Mobile™ - Innovative mobile services that include features like Anytime Upgrade, which allows customers to upgrade their devices without traditional wait times, and a cost-effective Mobile Repair and Replacement Plan.
  • Spectrum Voice® - Reliable phone services suitable for both residential and business customers.

Charter continues to innovate and expand its offerings. Recent achievements include the launch of Anytime Upgrade and the Mobile Repair and Replacement Plan, enhancing the value and flexibility for Spectrum Mobile customers. Additionally, Charter remains committed to supporting underserved communities through government partnerships to extend broadband access.

Financially, Charter reported a revenue increase of 0.2% year-over-year to $13.7 billion in the first quarter of 2024, driven by growth in residential mobile service, internet, and advertising sales. The company also recorded an Adjusted EBITDA growth of 2.8% year-over-year to $5.5 billion.

Charter has also strengthened its media presence through partnerships, such as the recent multi-year agreement with Paramount Global, ensuring that Spectrum customers continue to enjoy top-tier content from CBS, BET, MTV, Nickelodeon, and more.

For the latest updates on Charter Communications, follow them on LinkedIn.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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On May 23, 2024, Charter Communications (NASDAQ: CHTR) announced the pricing for its tender offer for 4.908% Senior Secured Notes due 2025. The offer involves the purchase of up to $2.7 billion in aggregate principal amount of these notes. The Total Early Offer Consideration for notes validly tendered and accepted before 5:00 p.m. on May 22, 2024, is $993.94 per $1,000 principal amount. This offer was fully subscribed at the Early Tender Time, and the settlement date for these notes is May 24, 2024. Morgan Stanley & Co. is managing the tender offer, with Global Bondholder Services serving as the information and tender agent.

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Charter Communications (NASDAQ: CHTR) announced early tender results for its cash tender offer of 4.908% senior secured notes due 2025. The company increased the repurchase amount from $2.5 billion to $2.7 billion in principal. As of May 22, 2024, $3.51 billion of notes were tendered, representing 78.02% of outstanding notes. Due to oversubscription, accepted notes will be prorated. Payment for validly tendered notes will be made on May 24, 2024. Notes tendered after the early tender time are unlikely to be accepted. Morgan Stanley & Co. acts as the dealer manager for the offer.

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FAQ

What is the current stock price of Charter Comm Del CL A New (CHTR)?

The current stock price of Charter Comm Del CL A New (CHTR) is $349.465 as of December 23, 2024.

What is the market cap of Charter Comm Del CL A New (CHTR)?

The market cap of Charter Comm Del CL A New (CHTR) is approximately 49.6B.

What services does Charter Communications offer?

Charter Communications offers internet, TV, mobile, and voice services under the Spectrum brand.

What is the Spectrum brand?

Spectrum is the brand under which Charter Communications provides its advanced communications services, including internet, TV, mobile, and voice.

How large is Charter Communications' customer base?

Charter Communications serves over 32 million customers in 41 states, including 30 million residential and 2 million commercial accounts.

What recent innovations has Charter introduced?

Charter has launched the Spectrum Mobile Anytime Upgrade and the Mobile Repair and Replacement Plan, providing more value and flexibility to customers.

What is Charter's approach to underserved communities?

Charter works with federal, state, and local governments to extend broadband access to underserved communities.

How did Charter perform financially in the first quarter of 2024?

Charter reported a revenue increase of 0.2% year-over-year to $13.7 billion and an Adjusted EBITDA growth of 2.8% to $5.5 billion.

What content agreements does Charter have?

Charter has a multi-year distribution agreement with Paramount Global, ensuring access to CBS, BET, MTV, Nickelodeon, and more for Spectrum customers.

What is Spectrum Internet®?

Spectrum Internet® provides high-speed internet services with multi-gigabit speeds and symmetrical connections, catering to both residential and business customers.

What is the purpose of Spectrum Voice®?

Spectrum Voice® offers reliable phone services for residential and business customers.

Where can I follow Charter's latest news and job opportunities?

For the latest updates and job opportunities, follow Charter Communications on LinkedIn at https://www.linkedin.com/company/spectrum/.

Charter Comm Inc Del CL A New

Nasdaq:CHTR

CHTR Rankings

CHTR Stock Data

49.61B
90.06M
36.67%
72.03%
8.68%
Telecom Services
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