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Charter Communications

Charter CEO Tom Rutledge’s Pay Rises to $41.8M in 2021

Charter Communications chairman and CEO Tom Rutledge received compensation worth $41.8 million in 2021, just up from $38.8 million in 2020 and $8.74 million in 2019. An SEC filing issued Thursday by Charter, in which John Malone’s Liberty Broadband owns a big stake, indicated Rutledge’s base salary for 2021 was $2.5 million, a bump up […]

Charter Loses 58,000 Pay TV Subs, Broadband User Growth Slows to 190,000

Cable operator Charter Communications, in which John Malone’s Liberty Broadband owns a big stake, lost more pay TV subscribers in the fourth quarter than in the year-ago period, while its broadband user growth slowed. Charter lost 58,000 pay TV subscribers in the final quarter of 2021, compared with a loss of 35,000 in the year-ago […]

Charter CEO: “Half of Our Customers Don’t Buy Video From Us Anymore”

Charter Communications had “an enormous amount of growth pulled forward” in its broadband business early in the COVID-19 pandemic, like other cable giants, which explains the currently weaker subscriber growth trends, chairman and CEO Tom Rutledge told investors Wednesday. “Now you sort of have the opposite of that,” he told the virtual UBS Global Technology, […]

Altice USA Expects Higher Video Subscriber Losses in 2022

Altice USA has warned investors the broadband and cable TV giant expects higher video subscriber losses in 2022 due to consumers opting for streaming TV packages over its legacy video distribution business. “In general, we’re predicting maybe even higher losses as consumers continue to start to pivot to more OTT-driven viewing habits. High single digits […]

Charter Loses 121,000 Pay TV Subs, Broadband User Growth Slows

Cable operator Charter Communications, in which John Malone’s Liberty Broadband owns a big stake, lost more pay TV subscribers in the third quarter than in the year-ago period, while its broadband business grew more slowly. Charter lost 133,000 residential pay TV subscribers in the quarter, compared with a loss of 77,000 in the year-ago period. […]

Cable Giant Charter Promotes Chris Winfrey to COO

Cable giant Charter Communications has promoted chief financial officer (CFO) Chris Winfrey to the role of chief operating officer (COO), effective immediately. Company veteran John Bickham, who had been president and COO since 2016 after being appointed COO in 2012, was named vice chairman ahead of his previously announced retirement at the end of 2022, […]

Charter CFO: Programmers Have Made Pay TV “Unaffordable” for Many

Entertainment giants have made traditional pay TV “unaffordable,” the chief financial officer of cable powerhouse Charter Communications told investors on Monday. Speaking at the virtual Bank of America Securities 2021 Media, Communications and Entertainment Conference, Chris Winfrey said: “The programmers have made this product unaffordable for a large part of the population despite the fact […]

Charter’s Ad Revenue Soars, CEO Outlines ViacomCBS Streaming Deal

Cable operator Charter Communications, in which John Malone’s Liberty Broadband owns a big stake, lost pay TV subscribers in the second quarter, while its broadband business kept growing. Charter lost 63,000 residential pay TV subscribers in the second quarter, compared with a gain of 102,000 in the year-ago period. Including the addition of 13,000 small- […]