Charter Communications, Inc. is an American telecommunications and mass media company that offers its services to consumers and businesses under the branding of Spectrum. Providing services to over 26 million customers in 41 states, it is the second-largest cable operator in the United States by subscribers, just behind Comcast, and third largest pay TV operator behind Comcast and AT&T. It is the fifth largest telephone provider based upon residential subscriber line count.
In late 2012, with the naming of longtime Cablevision executive Thomas Rutledge as their CEO, the company relocated its corporate headquarters from St. Louis, Missouri, to Stamford, Connecticut, although many operations still remain based out of St. Louis. On May 18, 2016, Charter completed its acquisition of Time Warner Cable and its sister company Bright House Networks, making it the third-largest pay television service in the United States. Charter ranked No. 74 in the 2018 Fortune 500 list of the largest United States corporations by total revenue.
|Charter Communications, Inc.|
St. Louis, Missouri, U.S.
(Chairman and CEO)
(President and COO)
|Revenue||US$43.634 billion (2018)|
|US$15.301 billion (2017)|
|US$1.230 billion (2018)|
|Total assets||US$146.130 billion (2018)|
|Total equity||US$47.531 billion (2017)|
Number of employees
|94,800 (December, 2017)|
Charter Communications was founded in 1993 by Barry Babcock, Jerald Kent and Howard Wood, who had been former executives at Cencom Cable Television in St. Louis, Missouri. It was also incorporated in the state of Missouri in 1993.
Charter also began swapping customers with other systems to improve the geographic clustering of its systems. In December 1999, it signed a letter of intent with AT&T Corporation to swap 1.3 million cable subscribers in St. Louis as well as in Alabama, Georgia, and Missouri. In 2000, Charter Communications bought select AT&T cable markets, including Reno, Nevada, and the City of St. Louis.
In 2001, MSN and Charter signed an agreement to offer MSN content and services to Charter's broadband customers. In the same year, Charter received awards, including the Outstanding Corporate Growth Award from the Association for Corporate Growth, the R.E. "Ted" Turner Innovator of the Year Award from the Southern Cable Telecommunications Association, and the Fast 50 Award for Growth from the St. Louis Regional Chamber and Growth Association.
In February 2009, Charter Communications announced that it planned to file for Chapter 11 of the United States Bankruptcy Code on or before April 1, 2009. The action would allow Charter to pay its debt obligations, and cancel its obligations to shareholders. Private equity firm Apollo Management expected to own most of Charter's shares after the bankruptcy. Charter filed for a prearranged bankruptcy on March 28, 2009. The company expected the financial restructuring to reduce its debt by $8 billion, as well as adding $3 billion of new investment, and refinancing other debt.
On November 30, 2009, its bankruptcy plan was approved, which extinguished its stock and cut approximately $8 billion in debt. That day, Charter emerged from bankruptcy despite many of its creditors' objections over its bankruptcy plan.
On September 14, 2010, Charter Class A common stock was re-listed on NASDAQ under the symbol "CHTR".
In 2011, Paul Allen stepped down as chairman and from the board of directors' seat, but at the time remained the largest single shareholder. Also in that year, Charter signed a multi-year deal with TiVo to deliver content via its platform.
Thomas M. Rutledge was appointed as a director and president and chief executive officer effective February 13, 2012.
The same year, Charter prices $1.25 billion senior debt, offering to pay down short- and long-term debt.
On February 8, 2013, Charter announced an agreement to acquire some former Bresnan Communications systems from Cablevision in a transaction worth US$1.63 billion. The deal brought Charter cable systems to 375,000 customers in Colorado's mountains and Western Slope, as well as in Utah, Wyoming and Montana.
Approximately one month later, on March 19, 2013, Charter announced that Liberty Media, a company controlled by former TCI CEO John C. Malone, would be acquiring a 27.3% ownership interest in the company, making it the company's largest single shareholder, largely through the purchase of interests held by investment funds following Charter's 2009 restructuring. In November 2014, Liberty's holdings in Charter as well as a small minority interest in Time Warner Cable were spun off as a separate holding company named Liberty Broadband Corporation, which as of early 2015 was 47.1% controlled by Malone.
On January 13, 2014, Charter Communications said it was interested in buying its larger rival Time Warner Cable. After three previous attempts to buy and merge with the company, all of which failed, Charter's chief executive officer Thomas Rutledge wrote in an open letter to Time Warner Cable's chief executive officer Robert Marcus stating, "I believe we have a significant opportunity to put our companies together in a way that will create maximum, long-term value for shareholders and employees of both companies". The $132.50 per share offer, just above TWC's closing price at $132.40 on January 13, was rejected.
On April 28, 2014, Comcast and Charter announced that, assuming Comcast's merger with Time Warner was successful, Charter would acquire 1.4 million Comcast/Time Warner Cable customers, bringing Charter's subscriber total to 30 million and making Charter, by its own count, the second-largest cable operator in the country. In addition to the 1.4 million divested subscribers, Comcast also agreed to swap 1.6 million subscribers with Charter in an even, tax-efficient exchange whose intent is to improve the geographic spread of both companies. In a third part of the agreement, Comcast would spin off 2.5 million subscribers into a new publicly traded company in which Charter would hold a 33% stake – with an option to eventually own the whole company – and former Time Warner Cable shareholders would hold a 67% stake.
In late March 2015, Charter announced plans to purchase Bright House Networks from Advance/Newhouse for $10.4 billion in a combination of cash and equities convertible to Charter stock. The deal was contingent on, among other approvals, the completion of Charter's transactions with Comcast, and the expiration of Time Warner Cable's right of first offer to buy Bright House itself (which was not expected to be exercised in light of the merger with Comcast). However, facing potential difficulties in reaching regulatory approval, Comcast called off its merger with Time Warner Cable in April 2015.
On May 26, 2015, Charter and Time Warner Cable announced that they have entered into a definitive agreement for Charter to merge with Time Warner Cable in a deal valued at $78.7 billion. Charter also confirmed that it would continue with its proposed acquisition of Bright House Networks under slightly modified terms. The deal was subject to regulatory approval, although the deal was expected to face less scrutiny from the FCC than the Comcast/TWC deal, as the companies were relatively smaller, and their media holdings are not as extensive as those of Comcast. The TWC and Bright House systems were to be migrated to Charter's Spectrum brand following the conclusion of the merger.
Liberty Broadband will invest a further $5 billion in Charter and will ultimately hold about 20% ownership in the combined entity. Advance/Newhouse will own about 14%, and other current Time Warner Cable shareholders are expected to hold a combined 44% stake. The merger was approved by the Department of Justice and FCC on April 25, 2016; it is subject to conditions, including a requirement that Charter must not implement usage-based billing, nor use its dominant position in the market to impact the online video industry – which includes a prohibition on charging for interconnections. Charter was also required to expand its services to 2 million new households, with at least 1 million being in markets where competing providers operate.
The merger was completed on May 18, 2016. The purchase made Charter the third-largest pay television company in the United States, behind AT&T and Comcast (the former having completed its merger with DirecTV in mid-2015).
On January 26, 2017, it was reported that Verizon Communications was in talks with Charter to discuss a possible buyout. President and CEO of Liberty Media, Greg Maffei said that they were not interested in the deal. The deal was rejected around the end of May 2017. Charter claimed that the deal was too low for them to accept, and Charter's largest shareholder Liberty Media stated that they weren't ready to sell.
In March 2017 under new FCC leadership, Charter's regulatory conditions were changed to require that Charter expand its services to 2 million households that are not currently served by any broadband provider, as opposed to requiring one million of these households to be in areas served by a competitor. The decision was made under goals by new chairman Ajit Pai to increase the availability of broadband in rural areas not served by high-speed Internet, but was criticized for maintaining oligopolies rather than encouraging wider competition.
In May 2017, it was reported that Charter and Comcast had entered into an agreement to "explore working together in a number of potential operational areas in the wireless space" in respect to mobile virtual network operators (MVNOs); both providers have agreements with Verizon Wireless to re-sell its services, and Comcast announced that it would begin to do so under the brand Xfinity Mobile later in the year. The agreement includes a provision, lasting for one year, that requires the companies to receive consent from each other before performing wireless-related acquisitions or mergers.
On March 28, 2017, IBEW Local 3 went on strike, representing 1,800 employees. The company has proposed moving independently managed health and pension benefits to its own company plans, which union members consider would include drastic cuts for them and their families and loss of job security. No significant progress has been made, and the strike continues as of late December 2018.
In June 2018, the New York Public Service Commission fined Charter $2 million for failing to meet obligations it agreed to as conditions of its acquisition of Time Warner Cable. Charter was required to expand broadband service to at least 145,000 unserved or underserved residential units over 4 years, with a minimum of 36,250 new units per-year. The company was accused of making false statements in its progress reports, with an audit finding that Charter fraudulently declared at least 14,000 addresses already served by the company as being "new" deployments. The commission threatened the possibility of further regulatory remedies, including revocation of its cable franchises.
On July 27, 2018, the NYPSC voted to retroactively reverse its approval of Charter's acquisition of TWC, thus revoking its franchises in the state of New York. The commission cited Charter's repeated failures to meet deadlines on expansion promised as part of the TWC purchase, "attempts to skirt obligations to serve rural communities", and "purposeful obfuscation of its performance and compliance obligations to the Commission and its customers." Within 60 days, Charter was to submit a plan to divest and migrate its New York state cable operations (which serve around 2 million customers) to new owners.
In November 2013, the company announced the re-branding of its residential services to Charter Spectrum which encompass an upgrade to an all-digital network for its video, voice and broadband services. The company relied heavily on a predominantly coaxial cable-based network. The newer fiber-optic service-delivery system provides higher bandwidth speeds than are available with its coaxial cable infrastructure.
On May 2, 2006, the company announced it would restructure seven of its call centers in the United States in the following locations:
Orders completed online or through retail partners with Charter Communications are directed to a call center located in Tempe, Arizona, operated by Teletech (Direct Alliance). This call center has inbound/outbound sales agents, as well as online chat agents. Outsourced call centers were implemented in 2006 and are located in Canada, Honduras and the Philippines.
Charter-owned call centers are located in St. Louis, Missouri (telephone service support center); Billings, Montana; Greenville, South Carolina; Vancouver, Washington; Fond du Lac, Wisconsin; Walker, Michigan; Rochester, Minnesota; Worcester, Massachusetts, and Louisville, Kentucky (the largest call center across the company), with Heathrow, Florida, handling the bulk of video, high-speed data, and telephone billing and customer service contacts.
In 2016, Charter announced that it would be adding 20,000 United States-based jobs, with many of these jobs being call center jobs.
On March 27, 2006, Charter announced that it would sell cable systems serving approximately 43,000 customers in Nevada, Colorado, New Mexico, and Utah to Orange Broadband Holding Company (since renamed Baja Broadband).
Charter also sold cable systems in West Virginia and Virginia to Cebridge Connections (now known as Suddenlink Communications) and cable systems in Kentucky and Illinois to New Wave Communications.
On October 14, 2008, the Fairmont Sentinel reported that Charter was selling parts of their system to Midcontinent Communications, including Charter's offices in Bemidji and International Falls, Minnesota. Starting February 1, 2009, Midcontinent took over some of Charter's cable system in Minnesota including Balaton, Bemidji, Canby, Ely, Fairmont, International Falls, Littlefork, Sherburn, and surrounding communities. Other areas in Minnesota would have sold to Comcast, but the deal fell through.
On July 27, 2018, Charter was ordered to divest its cable systems in New York state due to its failure to meet obligations imposed on its purchase of Time Warner Cable.
In December 2008, three television stations owned by Belo Corporation, WFAA-TV, WCNC-TV, and KMOV-TV, reported that beginning January 1, 2009, Charter Communications would no longer carry these stations due to a breakdown in negotiations. Charter Communications quickly replied that a resolution to the issue was not out of the question. The cable operator would have lost access to all of the stations owned by Belo. However, an agreement was reached days before the shutdown date.
In 2011, PCWorld awarded Charter with several "fastest ISP"-type awards. Charter had upgraded its Internet speed tiers and gave most of its customers a free upgrade in speed twice during the 2011 business year.
During the spring of 2008, Charter was honored with third place among companies with over 2,000 employees in the annual "Best Places to Work in St. Louis" competition, sponsored by the St. Louis Business Journal, based on the response of Charter employees in the area to an online survey created and managed by the Journal.
In 2007, PC World ranked Charter's cable Internet service as the worst among 14 major Internet service providers. In addition, Charter High-Speed was rated 19th out of 22 cable ISPs on dslreports.com, and Consumer Reports indicated in its February 2008 issue that Charter's television/Internet/telephone bundle collectively was the worst of all major national carriers.
It was reported by Tony Bradle on about.com that Charter Communications redirected error pages and Windows Live Search results to a Charter search page without notifying customers. Users may opt out of redirection by clicking a link from the Charter search page; however, the opt-out link saves a cookie on the customer's computer, so deleting cookies will require the user to opt out again.
It was reported that on January 21, 2008, during a routine sweep of inactive accounts, Charter accidentally and irretrievably deleted the email accounts of approximately 14,000 customers. The company since decided to give a $150 account credit to each affected user. In May 2008, Charter announced that it planned to monitor web sites visited by its high-speed Internet customers via a partnership with targeted advertising firm NebuAd. Charter dropped the program in June following public backlash.
In 2002, the United States Department of Justice investigated the company, leading to the indictment of four former executives in 2005 for improper financial reporting related primarily to the inflation of cable subscriber numbers to improve financial figures.
In 2004, Charter settled a class-action lawsuit concerning the questionable financial reporting associated with the U.S. Department of Justice's 2002 investigation and subsequent indictment of four former executives. Current and former shareholders (and their attorneys) were awarded $144 million as well as an agreement from Charter to maintain and implement proper corporate governance measures.
In June 2010, Charter settled a class-action lawsuit for $18 million concerning wage and overtime claims for current and former field technicians in California, Missouri, Michigan, Minnesota, Illinois, Nevada, Washington, Oregon and Nebraska.
In December 2013, a complaint was filed by Steelhead Licensing LLC for patent infringement of U.S. Patent 8082318; it is described as "Controlling service requests transmitted from a client to a server".
In January 2016, the National Association of African-American Owned Media and Byron Allen's Entertainment Studios filed a $10 billion civil rights lawsuit against Charter, claiming discrimination for Charter's refusal to pick up Allen's eight-channel suite of networks (which mainly carry ES content already syndicated through local television stations and paid programming); Allen and the NAAAOM (which has an Entertainment Studios executive as its head) have already filed the same type of suit against several other providers.
In May 2016, Charter reached a settlement with the FCC regarding allegations by Zoom Telephonics that, in 2012, following the introduction of new rate plans and the introduction of DOCSIS 3.0, it had begun to bar new subscribers or those switching to the new plans from utilizing customer-purchased modems. Although Charter ended this practice in 2014 and began to allow certain certified modems to be used, Zoom argued that the company was still deliberately limiting options by requiring the modems to undergo a testing protocol concerning factors beyond whether they cause interference or unauthorized receipt of service (the only two factors which providers may use to restrict allowable modems under FCC policy). Charter paid a $640,000 fine, and agreed to use a shorter testing process allowing the use of any DOCSIS 3.0-compatible modem, and send compliance reports to the FCC every six months and whenever a modem is blacklisted.
On February 1, 2017, Charter was sued by the Attorney General of New York for failing to provide its advertised Internet speeds to customers in areas that Charter acquired by the purchase of Time Warner Cable. The company agreed to a $174.2 million settlement, including both refunds of $75 to affected subscribers (with an additional $75 to those who rented the defective modem hardware for at least 24 months), and offers of complimentary subscriptions to services such as HBO (3 months) or Showtime (6 months) to all subscribers with an internet and television bundle.
Advance Publications, Inc. is an American media company owned by the descendants of S.I. Newhouse Sr., Donald Newhouse and S.I. Newhouse Jr. It is named after the Staten Island Advance, the first newspaper owned by the Newhouse family, in which Sam Newhouse bought a controlling interest in 1922. The company is nominally headquartered in the Advance offices in Staten Island's Grasmere neighborhood, though Advance has never had an official headquarters.As of October 2014, it was ranked as the 44th largest privately held company in the United States, according to Forbes. Crain's ranked Advance Publications the 4th largest private company in the New York area in 2012.
In addition to holding publishing and communication assets, Advance serves as the holding company for the family's 31% stake in cable entertainment company Discovery Inc. Advance also owns a 13% stake in Charter Communications, which it received when Bright House Networks merged with Charter. In August 2018, Advance/Newhouse ("A/N") notified Charter Communications that it intends to establish a credit facility collateralized by a portion of Advance/Newhouse Common Units in Charter Communications Holdings, LLC. That same month, Condé Nast CEO announced his five-year strategy to generate $600 million in new revenue from new revenue streams while driving costs out of the business.Directly and through various subsidiaries, the group owns Discovery channel, Condé Nast, the popular digital news website Wired, Lycos, Angelfire, Tripod and is the majority shareholder in Reddit.Bay News 9
Bay News 9 (also officially known as Spectrum Bay News 9 as of September 24, 2017) is a cable news television network located in St. Petersburg, Florida. Owned by Charter Communications, it currently serves the Tampa Bay area including Hillsborough, Pinellas, Manatee, Polk, Pasco, Hernando, and Citrus counties. The station, which is exclusive to Spectrum customers, broadcasts news 24 hours a day, seven days a week, with the exception of some special programming, including a weekly political program, Political Connections.
The station was created by Elliott Wiser, who was hired as General Manager by Time Warner Cable in May 1997. At that time Time Warner was building a similar news channel in Orlando. Wiser later created Bay News 9 en Español, Tampa Bay on Demand, and Spectrum Sports.Bresnan Communications
Bresnan Communications was an American cable television provider formed by William Bresnan in 1984. It originally operated cable systems on Michigan's Upper Peninsula. Over the next fourteen years, its operations spread to Minnesota Wisconsin, Mississippi and Georgia. In 1994, the company added international operations in Chile and Poland, with the creation of Bresnan International Partners. The company reached 400,000 subscribers after purchasing systems from TCI. When AT&T acquired TCI, Bresnan began to consider an IPO. Before that could occur, Paul Allen's Charter Communications made an offer, and purchased Bresnan's U.S. cable systems for $3.1 billion, organizing them under Charter Communications' umbrella.
Bresnan re-entered the cable business in April 2002, with the $735 million purchase of former AT&T Broadband Rocky Mountain systems from Comcast. The acquisition included some 300,000 subscribers in Montana, Wyoming, Utah and Colorado.
Cablevision acquired Bresnan on June 13, 2010 for $1.37 billion and rebranded the systems as Optimum West. In February 2013, Charter Communications agreed to buy the former Bresnan systems for $1.625 billion.Bright House Networks
Bright House Networks, LLC was an American telecom company. Prior to its purchase by Charter Communications, it was the tenth-largest multichannel video service provider and the 6th largest cable internet provider (based on coverage) in the United States. The company served more than 2.2 million customers.Bright House Networks' primary service offerings included digital television, high-speed internet, home security and automation and voice services.Bright House Networks also owned and operated two 24-hour local news operations; Central Florida News 13 serving the Orlando area, and Bay News 9 serving the Tampa Bay area.Charter TV3
Charter TV3 is a local television network located in Worcester, Massachusetts, USA.Curfew (TV series)
Curfew is a Sky One television series. It stars Adam Brody, Billy Zane and Sean Bean. In the U.S., the series is shown officially through Charter Communications Spectrum. In the U.K. it premiered on Sky One on 22 February, 2019.In Demand
In Demand (semi-capitalized as a trademark as iN DEMAND) is an American cable television service which provides video on demand services, including pay-per-view. Comcast, Cox Communications, and Charter (with former independent companies Time Warner Cable and Bright House Networks) jointly own iN DEMAND.InfoMás
InfoMás (better known as Spectrum InfoMás as of September 24, 2017) was an American Spanish-language cable news television channel that is owned by Charter Communications through its acquisition of Bright House Networks in May 2016. The channel provided 24-hour rolling news coverage focused on the Tampa Bay Area and Central Florida. The channel was carried on Charter Spectrum digital channel 900 and in high definition on digital channel 1900.On October 31, 2017, Charter announced that the network would be shut down within the month of November, as they claimed that Hispanic viewers gravitated towards the traditional English news coverage of Bay News 9 in Tampa and News 13 in Orlando. Most of the existing InfoMás staff were let go. The channel ceased operations on November 20, 2017 and it now says "Este canal ha dejado de estar operativo." ("This channel is no longer in operation.")News 13
News 13 (also officially known as Spectrum News 13 as of September 24, 2017) is an American cable news television channel that is owned by Charter Communications. The channel provides 24-hour rolling news coverage focused primarily on Central Florida, specifically Brevard, Flagler, Lake, Marion, Orange, Osceola, Seminole, Sumter, and Volusia counties.Spectrum (cable service)
Spectrum or Charter Spectrum is a trade name of Charter Communications, used to market consumer cable television, internet, telephone, and wireless services provided by the company.
The brand was first introduced in 2014; prior to that, these services were marketed primarily under the Charter name. Following the acquisitions of Time Warner Cable and Bright House Networks by Charter, these operations also assumed the Spectrum brand.Spectrum Community (Maine)
Spectrum Community was a regional cable television network owned by Charter Communications through its acquisition of Time Warner Cable in May 2016, with coverage throughout Time Warner Cable systems throughout Maine and Northern New Hampshire. The channel broadcasts local programming and local high school and minor league sports. The channel was previously named Time Warner Cable Community and Time Warner Cable Television (TWC TV) before that.Spectrum News Rochester
Spectrum News Rochester (formerly Time Warner Cable News Rochester) is an American cable news television channel that is owned by Charter Communications through its acquisition of Time Warner Cable in May 2016, as an affiliate of its Spectrum News slate of regional news channels. The channel provides 24-hour rolling news coverage focused primarily on Rochester, New York and the nearby Genesee River and Finger Lakes regions.
The channel is carried on channel 9 in standard definition, as well as high definition, the latter of which is typically rendered automatically by those Charter Communications customers' high definition supported set-top boxes. Standard definition feeds come through to those customers who purchase Spectrum's Basic-Tier level of cable service. As of March 6th, 2018, all customers are required to utilize digital receivers to view the station. These digital receivers come in two types: High Definition Multimedia Interface - HDMI - supported High Definition television digital receivers, and for those televisions void of HDMI connectivity, standard digital receivers. Higher tiered customers view the channel on digital channel 200 in high definition in Rochester. Channel 14 in other Charter Communications systems within the region fill in the extent of the area's coverage. As with the rest of its upstate sister news channels in upstate New York, Spectrum News Rochester shares news content with New York City-based NY1, Charter Communications' flagship regional cable news channel (which the provider carries on the digital tiers of its Upstate New York systems).Spectrum OC16
Spectrum OC16 is a Hawaiian TV channel owned by Charter Communications (which acquired Oceanic Time Warner Cable in 2016), based in Honolulu, Hawaii and broadcasts to the state of Hawaii on Oceanic channel 12/digital 1012 for general interests, on channel 16/digital 1016 (also known as Spectrum Sports Hawaii) for sports programming, and on channel 255 for pay-per-view events, particularly University of Hawaii football.Spectrum SportsNet LA
Spectrum SportsNet LA and Spectrum Deportes LA (otherwise known as simply SportsNet LA and Deportes LA and originally known as Time Warner Cable SportsNet LA) is an American regional sports network jointly owned by the Los Angeles Dodgers Major League Baseball team and Charter Communications through its acquisition of Time Warner Cable in May 2016. The channel's programming is devoted completely to the Dodgers, and includes coverage of all Dodgers games not being exclusively televised by MLB's national television partners, along with news, interview, and documentary programming focusing on the team.
The channel, which launched on February 25, 2014, was the result of a 25-year deal with Time Warner Cable reached in January 2013, valued at $8.35 billion, succeeding Fox Sports West as the regional rights holder for the team. The channel is one of three regional sports networks owned by Charter Communications serving the Los Angeles region.
Charter's carriage of SportsNet LA reaches less than half the Southern California market. Other distributors, including DirecTV, have not made carriage deals. Disputes in negotiations have included the cost of the channel and the requirement that SportsNet LA be carried with other mainstream premium channels rather than in a separate sports tier or on an "a la carte" basis.Spectrum Sports (Florida)
Spectrum Sports (formerly known as Bright House Sports Network) was an American regional sports network serving the Tampa Bay and Orlando metropolitan areas of Florida, that was owned by cable television provider Charter Communications which exclusively carried the channel on Standard Definition channel 47 and High Definition channel 1147.Spectrum Sports (Texas)
Spectrum Sports was a regional sports network serving Texas and owned by Charter Communications through its acquisition of Time Warner Cable in May 2016. It ceased operations in June 2017, with some of its remaining programs migrating to Spectrum News Austin.Spectrum TV Stream
Spectrum TV Stream is an American over-the-top internet television service owned by Charter Communications. The service – which is structured as a virtual multichannel video programming distributor – is only available to Charter Spectrum internet customers. It is designed as an alternative to other competing OTT skinny bundles for cord cutters, offering a selection of major cable channels and on-demand content that can be streamed through smart TVs, digital media players, and mobile apps.SportsNet New York
SportsNet New York (SNY) is an American regional sports network that is owned by Sterling Entertainment Enterprises, LLC, itself a joint venture between the New York Mets (which owns a controlling 65% interest), Charter Communications through its acquisition of Time Warner Cable in May 2016 (which owns 27%) and Comcast, through its NBC Sports Group subsidiary (which owns 8%). The channel primarily broadcasts games and related programming involving the Mets, but also carries supplementary coverage of the Mets and the New York Jets as well as college sports events.
SNY maintained business operations and street-level studio facilities located in the Time-Life Building at Rockefeller Center, on the corner of Avenue of the Americas and West 51st Street in Manhattan (in the former home of the now-defunct CNN news program American Morning) until March 2017, when they relocated to 4 World Trade Center. SportsNet New York is available on cable and fiber optic television providers throughout the New York metropolitan area and New York state; it is also available nationwide on satellite via DirecTV.Time Warner Cable
Time Warner Cable (TWC) was an American cable television company. Before it was purchased by Charter Communications on May 18, 2016, it was ranked the second largest cable company in the United States by revenue behind only Comcast, operating in 29 states. Its corporate headquarters were located in the Time Warner Center in Midtown Manhattan, New York City, with other corporate offices in Stamford, Connecticut; Charlotte, North Carolina; and Herndon, Virginia. From 1971 to 1981, Time Warner Cable, as Warner Cable, owned Dimension Pictures.
It was controlled by Warner Communications, then by Time Warner. That company spun off the cable operations in March 2009 as part of a larger restructuring. From 2009 to 2016, Time Warner Cable was an entirely independent company, continuing to use the Time Warner name under license from its former parent (including the "Road Runner" name for its Internet service, now Spectrum Internet).
In 2014, the company was the subject of a proposed purchase by Comcast Corporation, valued at $45.2 billion; however, following opposition to the deal by various groups, along with plans by the U.S. government to try to block the merger, Comcast called off the deal in April 2015. On May 26, 2015, Charter Communications announced that it would acquire Time Warner Cable for $78.7 billion, along with Bright House Networks in a separate $10.1 billion deal, pending regulatory approval.The purchase was completed on May 18, 2016; Charter had continued to do business as Time Warner Cable in its former markets, but has now re-branded these operations under the Spectrum brand in most markets (even Charter launched this brand in 2014), though it will continue to use the roadrunner.com email addresses and adelphia.net email addresses to new customers.
Charter Communications & Spectrum
|Copper / DSL ISP|
Pay television providers in the United States
|Fiber MVPD / IPTV|
Companies of the NASDAQ-100 index