Charter
John Malone Exits as Director Emeritus of Charter, Citing Clayton Act Concerns
Media mogul John Malone is stepping down from his director emeritus role at cable giant Charter Communications. Malone said in a statement that he made the decision due to concerns around the Clayton Act, a 1914 antitrust law that the Department of Justice has been using to launch some investigations. “I stepped away from my […]
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Streaming to Overtake Pay TV Subscription Revenue in the U.S. This Year
Streaming revenue will overtake pay TV subscription revenue in the U.S. for the first time later in 2024, helped by the addition of ad tiers by various streamers, according to a new forecast. Total revenues from streaming, including subscription and advertising revenue, will start topping revenue from pay TV subscriptions in the third quarter of […]
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After Major Charter Deal, Disney+’s Ad Version Launches for Spectrum Subscribers
Spectrum TV select customers will have access to the ad-supported version of Disney+ starting Thursday. The access comes as part of the landmark deal struck between Charter Communications and the Walt Disney Company in September. The deal followed a carriage dispute between the two companies that saw Disney channels, including ESPN, local ABC stations, FX […]
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Charter Loses 320K Video Customers in Q3, Citing Disney Carriage Dispute
Charter Communications, the cable giant that owns the Spectrum TV brand, lost 320,000 video customers in Q3, disclosing the impact of the company’s high-profile carriage dispute with The Walt Disney Co. Charter noted that it had lost only 211,000 video customers a year earlier (and around 200,000 in the first two quarters of this year) […]
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Charter Hit With Class-Action Lawsuit Over Disney Carriage Showdown
The ongoing carriage dispute keeping Disney’s channels off of Spectrum, Charter Communications’ cable TV service, has led to a proposed class action against Charter from its subscribers, who claim they were used as pawns in a “clear money grab” from the cable powerhouse. A lawsuit filed on Tuesday in Florida federal court faults Charter for […]
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Everyone Blames Studios for Ditching the Pay TV Bundle. Can a New One Be Built Before Disaster Hits?
If the entertainment business could be summed up in one word these days, it could be “misery.” The Writers Guild of America and SAG-AFTRA strikes drag on, with no end in sight. The major streaming services (sans Netflix) continue to be unprofitable, with most studios still targeting 2025 to break even. The pay TV business […]
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Charter Shake-Up: TV Services Split in Regional Sports Network-Related Pivot
The cable TV giant Charter is shaking up its channel lineups, in a move designed to adapt to the rapidly changing sports TV landscape. The company, which currently has more than 14 million pay-TV subscribers, will split its Spectrum TV Select service in much of its footprint: Spectrum Select Plus will include an array of […]
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Charter CFO on the “Vicious Cycle” of Pay TV Bundles
Cord-cutting has hit new heights. Cable giant Charter Communications has performed better than peers in this regard, but even its CFO Jessica Fischer acknowledged the challenges of the traditional pay TV bundle business on Wednesday. “The biggest issue in video has been and continues to be a cost issue,” she told the J.P. Morgan 51st […]
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John Malone and Charter Directors Reach $87.5M Deal to Settle Investor Suit
A seven-year old lawsuit alleging billionaire John Malone was illegally compensated through a side deal in Charter’s 2015 acquisition of Time Warner Cable has settled for $87.5 million. A proposed deal filed on Friday in a Delaware court notes that the money will be paid to Charter. Malone and other defendants named in the suit […]
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Pay TV and Cable Providers Lost 5.8M Subscribers in 2022
Top cable and traditional pay TV providers in the U.S. widened their subscriber losses in 2022, as more consumers continue to cut the cord. The largest pay-TV providers lost a total of 5.8 million net video subscribers in 2022, compared to a loss of 4.7 million in 2021, according to the latest tally from Leichtman […]
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Comcast and Charter Reveal Top Exec For Their Big Nationwide Streaming Bet
Charter Communications and Comcast has picked Marcien Jenckes to lead their recently-unveiled 50:50 joint venture to launch a next-generation streaming platform on varied branded 4K streaming devices and smart TVs. Jenckes has served as president of advertising for Comcast Cable since 2017. In his new role, he will develop the nationwide streaming platform and its […]
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