CHTR - Charter Communications, Inc.

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
479.08
+0.11 (+0.02%)
At close: 4:00PM EST
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Previous Close478.97
Open475.93
Bid0.00 x 1000
Ask0.00 x 1300
Day's Range475.59 - 483.55
52 Week Range272.91 - 485.99
Volume680,117
Avg. Volume1,096,596
Market Cap102.897B
Beta (3Y Monthly)1.23
PE Ratio (TTM)86.82
EPS (TTM)5.52
Earnings DateJan 29, 2020 - Feb 3, 2020
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target Est496.97
  • Cable Television Industry Near-Term Prospects Abundant
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    Cable Television Industry Near-Term Prospects Abundant

    Cable Television Industry Near-Term Prospects Abundant

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    TCI Fund Bulks Up on Alphabet in 3rd Quarter

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  • ‘Talking Car’ Dream Gives Way for Gadgets Under FCC Proposal
    Bloomberg

    ‘Talking Car’ Dream Gives Way for Gadgets Under FCC Proposal

    (Bloomberg) -- The U.S. Federal Communications Commission has proposed taking back some of the spectrum long promised to automakers and re-allocating it to other wireless uses, according to people familiar with the matter.It’s a potentially significant development in a years-long debate that saw automakers fight to retain frequencies they’ve barely used. Carmakers say they’re poised to finally use the airwaves to connect vehicles and infrastructure to prevent collisions.The FCC sent the proposal to the Transportation Department in recent days, said two people who asked not to be identified discussing the private deliberations. If DOT agrees, FCC Chairman Ajit Pai could set a Dec. 12 vote on the proposal to modify the grant of airwaves it made 20 years ago.The Transportation Department has long resisted the idea and remains concerned and will likely oppose the FCC’s latest plan, one of the people said.Representatives for both agencies declined to comment.Cable providers who offer Wi-Fi for customers’ wireless use are hungry for spectrum as digital technology transforms everything from cars to video feeds and household appliances.More airwaves are needed to help “deliver a future of ubiquitous connectivity,” Charter Communications Inc. said in a Nov. 12 filing. Charter’s network supports more than 300 million devices, the Stamford, Connecticut-based company said.Auto industry companies including General Motors Co., Toyota Motor Corp. and Denso Corp. spent more than a decade developing vehicle-to-vehicle, or “V2V,” communications systems to link cars, roadside beacons and traffic lights into a seamless wireless communication web to avoid collisions and heed speed limits. Yet deployments have been few, and no major automakers produce cars using the technology in the U.S.The auto industry has broadly shifted to favor a newer technology based on cellular systems, in part because it offers a path to transition to 5G systems in the future, proponents of the FCC’s plan say.Ford announced earlier this year that it will outfit all its new U.S. models starting in 2022 with cellular vehicle-to-everything technology. The system would enable Ford’s cars to communicate with one another about road hazards, talk to stop lights to smooth traffic flow and pay the bill automatically while picking up fast food.Automakers and their allies last year asked the FCC to let them use part of the band for cellular-based technology - rather than the Wi-Fi format the agency mandated in 1999 - while preserving all of the airwaves for transportation safety. In a petition the companies said the newer, cellular technology is more reliable, with greater range.The airwaves could be used for fast communications including machine-to-machine links, and smart city applications such as smart cameras, traffic monitoring and security sensors, NCTA-The Internet & Television Association, a trade group for companies including Comcast and Charter, told the FCC in a Sept. 25 filing.(Updates with Charter filing in seventh paragraph.)\--With assistance from Keith Naughton.To contact the reporters on this story: Ryan Beene in Washington at rbeene@bloomberg.net;Todd Shields in Washington at tshields3@bloomberg.netTo contact the editors responsible for this story: Jon Morgan at jmorgan97@bloomberg.net, Elizabeth WassermanFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Viacom (VIAB) Q4 Earnings Top Estimates, Revenues Flat Y/Y
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    Viacom (VIAB) Q4 Earnings Top Estimates, Revenues Flat Y/Y

    Viacom's (VIAB) fourth-quarter fiscal 2019 results reflect growth in Media Networks revenues, offset by lower Filmed Entertainment revenues.

  • Energizer Holdings (ENR) Stock Up on Q4 Earnings & Sales Beat
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    Energizer Holdings (ENR) Stock Up on Q4 Earnings & Sales Beat

    Energizer Holdings' (ENR) organic sales increase 9.2% during the fourth quarter of fiscal 2019. This marks the fourth consecutive year of organic growth.

  • Ovation TV Partners With Charter Communications For 2019 Stand For The Arts Awards Initiative
    PR Newswire

    Ovation TV Partners With Charter Communications For 2019 Stand For The Arts Awards Initiative

    LOS ANGELES, Nov. 13, 2019 /PRNewswire/ -- Expanding upon its Stand for the Arts Awards initiative launched in 2017, Ovation, America's only arts network, will partner again with Charter Communications, Inc. in 2019 to recognize outstanding local arts, cultural, and educational organizations and programs in 12 of Charter's Spectrum markets across the country. The initiative is part of the independent network's national arts advocacy platform called Stand for the Arts, which will commit $120,000 to support arts education in these Spectrum markets. The announcement was made today by Sol Doten, Senior Vice President, Content Distribution Marketing, Ovation.

  • CBS Q3 Earnings Surpass Estimates, Revenues Increase Y/Y
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    CBS Q3 Earnings Surpass Estimates, Revenues Increase Y/Y

    CBS Corp's (CBS) third-quarter 2019 results reflect growth in direct-to-consumer businesses like CBS All Access and Showtime OTT.

  • Here’s How KKR Might Just Pull Off the Biggest LBO in History
    Bloomberg

    Here’s How KKR Might Just Pull Off the Biggest LBO in History

    (Bloomberg) -- One of the private equity industry’s titans called it a “stretch,” and it’s been dismissed as a pipe dream by a bevy of analysts.Yet interviews in recent days with debt-market specialists suggest that KKR & Co. could find a narrow path to finance what would be the biggest leveraged buyout in history: a potential take-private deal for pharmacy chain Walgreens Boots Alliance Inc. that analysts have estimated would need to be funded with at least $50 billion of debt.The challenge for any Walgreens suitor will be raising the necessary money via the markets of choice for private equity firms -- junk-rated loans and bonds -- which have become fragile after an unprecedented borrowing binge left investors with a hangover. Debt funds that financed more than $3.5 trillion of leveraged buyouts in the past decade have become pickier, leaving banks stuck holding more than $2 billion of unsold loans on their balance sheets as recently as last month.But a road map may be hidden in two other recent debt-fueled takeovers: Dell Technologies Inc.’s $67 billion takeover of EMC Corp. in 2016 and Charter Communications Inc.’s $78.7 billion acquisition of Time Warner Cable Inc. that same year.Representatives for KKR and Walgreens declined to comment.Buyout BlueprintJunk-rated Dell and Charter both borrowed heavily in the investment-grade bond market by issuing secured debt. T-Mobile US Inc. is going down a similar route to help pay for its purchase of Sprint Corp.In Charter’s case, it pledged security to new and existing bonds issued by higher-rated Time Warner to ensure the debt remained investment-grade. Dell used a similar strategy when it bought investment-grade rated EMC. Walgreens’s debt could be segregated into two borrowing structures at a holding company level and an operating company portion, with investment-grade debt placed on the latter.In doing so, Dell and Charter won access to the most stable part of the corporate debt market, where investors are still buying heavily as an alternative to low or negative-yielding assets elsewhere. At the same time, they limited their reliance on leveraged finance markets, where sentiment can shift quickly and prove costly.Both companies did tap those markets, but with more manageable offerings. Bankers who asked not to be identified estimated that Walgreens would be able to raise between $10 billion and $20 billion of junk-rated debt to fund a buyout.Other market participants, who asked not to be named because they weren’t authorized to speak publicly, said KKR still might need to find a deep-pocketed third-party investor to help put more equity into the deal.Or it may seek to spin off a portion of Walgreens to lessen its financing needs. The company’s European operations could potentially bring in $18 billion to $20 billion, CreditSights analyst James Goldstein said in a phone interview.\--With assistance from Nabila Ahmed and Robert Langreth.To contact the reporters on this story: Natalie Harrison in New York at nharrison73@bloomberg.net;Lisa Lee in New York at llee299@bloomberg.net;Davide Scigliuzzo in New York at dscigliuzzo2@bloomberg.netTo contact the editors responsible for this story: Shannon D. Harrington at sharrington6@bloomberg.net, Boris KorbyFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Bloomberg

    For Streamers, the Great Unbundling Was Too Good to Be True

    (Bloomberg Opinion) -- Netflix Inc. broke the cable-TV bundle. Now it’s time to put it back together again, and cable giants like Comcast Corp. look eager to help.It’s true that streaming has created more choices for consumers. You don’t necessarily need to subscribe to a $100-a-month cable package just to access kid-friendly Disney programs or re-runs of “The Big Bang Theory” (or pay extra for the ability to DVR the episodes you’ll miss). There are on-demand apps for both of those now — Disney+, which launched on Tuesday, and HBO Max, which becomes available in May. At the same time, one major consequence of the streaming wars is that they’ve caused a new kind of consumer frustration. It feels like everything is becoming segregated across various services with their own individual paywalls. That requires knowing which TV programs and movies reside where, having to toggle among those different apps — which isn’t as smooth as simply channel-surfing — and managing multiple monthly subscriptions. Sign up for enough of them, and it can easily add up to the cost of good old cable, especially given that a strong internet connection is a necessary component. It’s a situation that’s unsustainable, and already the media and cable giants seem to be eyeing the reintroduction of bundles to make things easier on consumers (and to make their subscriptions stickier).As Comcast’s Matthew Strauss put it, "The great un-bundling could give birth to the great re-bundling.” He should know. Strauss is the former executive vice president of Comcast's Xfinity Services; he was recently put in charge of Peacock, the company’s own streaming product set to launch in April with content provided by its NBCUniversal sports and entertainment division. It will join Netflix, Disney+, Apple TV+, Amazon Prime Video, HBO Max and many more in the new streaming marketplace."How could someone possibly navigate all these apps? That's not how you watch TV,” Strauss said in a phone interview in September. “My prediction is that we're going to come full circle."Strauss and I were on the topic because Comcast had just made something called Xfinity Flex free to customers who subscribe to the company’s internet services but not its cable-TV packages. Flex is essentially a dashboard where users can access streaming subscriptions. It’s a lot like the home screen shown when powering up a Roku, Apple TV or Amazon Fire TV Stick — a display of tiles teasing different programs or services. The Xfinity X1 cable service is still front and center for Comcast, but Flex is a sign that the company is at least exploring how to cater to what may some day be a mostly internet-only customer base. While it may not be a bundle, it’s not hard to make the leap and envision a day when Comcast tries to offer bundles of streaming apps to its internet subscribers, serving as the go-between for programmers and customers just like it does in the cable world. Walt Disney Co. is already providing some evidence that it’s thinking the same way. As I noted in my column Tuesday, the entertainment giant recognizes that many viewers want more than a single app dedicated to superhero flicks and G-rated content. That’s why, alongside the launch of Disney+, it also began offering a $13-a-month bundle that tacks on Hulu and ESPN+. While Apple Inc.’s own original works such as “The Morning Show” can be watched with an Apple TV+ subscription, the company also has separately taken to aggregating rival apps in Apple TV Channels, where users can sign up on an a-la-carte basis. Similarly, Amazon.com Inc. has Prime Video and Amazon Channels. These aggregation efforts could all be precursors to bundling.Charter Communications Inc. CEO Tom Rutledge, during a September investor conference, discussed the challenges for so-called direct-to-consumer businesses — such as Disney+, CBS All Access, and so on — that traditionally haven’t had to deal directly with subscribers because the cable giants had typically maintained those relationships. Suddenly, programmers are having to handle billing and service issues and come up with customer-retention strategies. (Disney got a taste of this Tuesday, when its brand-new app was hit by technological glitches.) “All of those activities we do on behalf of traditional pay-TV vendors,” Rutledge said. It’s very hard to get “economies of scale in the direct-to-consumer marketplace like we’ve gotten out of the historic business.” That certainly sounds like someone who’s ready to negotiate some new distribution partnerships. Direct-to-consumer is industry jargon referring to how a streaming app bypasses the traditional distributors — flying directly past Charter and Comcast to the end user. So wouldn’t it be something if the winners of the streaming wars turned out to be none other than the cable companies? At the very least, remnants of their bundling model are sure to live on in streaming.To contact the author of this story: Tara Lachapelle at tlachapelle@bloomberg.netTo contact the editor responsible for this story: Beth Williams at bewilliams@bloomberg.netThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Tara Lachapelle is a Bloomberg Opinion columnist covering the business of entertainment and telecommunications, as well as broader deals. She previously wrote an M&A column for Bloomberg News.For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.

  • Top Communications Stocks for November 2019
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  • Why the Supreme Court is hearing a TV mogul's $20 billion racial bias case against Comcast
    Yahoo Finance

    Why the Supreme Court is hearing a TV mogul's $20 billion racial bias case against Comcast

    The U.S. Supreme Court on Wednesday will a hear a dispute that pits Comcast, America’s biggest cable company, against an African-American TV mogul accusing it of racial bias because it declined to carry any of his channels.

  • Meredith (MDP) Earnings and Revenues Deteriorate Y/Y in Q1
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  • News Corporation (NWSA) Q1 Earnings Meet Estimates, Fall Y/Y
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  • Have Insiders Sold Charter Communications, Inc. (NASDAQ:CHTR) Shares Recently?
    Simply Wall St.

    Have Insiders Sold Charter Communications, Inc. (NASDAQ:CHTR) Shares Recently?

    We wouldn't blame Charter Communications, Inc. (NASDAQ:CHTR) shareholders if they were a little worried about the fact...

  • Media Stock Earnings Lineup for Nov 6: FOXA, ROKU, LBTYA
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    Media Stock Earnings Lineup for Nov 6: FOXA, ROKU, LBTYA

    Here we take a sneak peek into quarterly earnings expectations of three media stocks scheduled to report on Nov 6.

  • Reuters

    UPDATE 2-U.S. Supreme Court rejects Charter appeal of Sprint patent verdict

    Charter Communications Inc unit Time Warner Cable must pay $140 million in damages for infringing five Sprint Corp telecommunications patents after the U.S. Supreme Court on Monday refused to hear Time Warner's appeal in the case. The justices declined to review a lower court ruling that upheld a 2017 jury verdict siding with Sprint in the dispute. Sprint's 2011 lawsuit against Time Warner said the cable company's Voice over Internet Protocol (VoIP) service, which relays calls over the internet, infringed several of Sprint's patents on connecting users of older and more modern telephone technologies.

  • U.S. Supreme Court rejects Charter appeal of Sprint patent verdict
    Reuters

    U.S. Supreme Court rejects Charter appeal of Sprint patent verdict

    Charter Communications Inc unit Time Warner Cable must pay $140 million in damages for infringing five Sprint Corp telecommunications patents after the U.S. Supreme Court on Monday refused to hear Time Warner's appeal in the case. The justices declined to review a lower court ruling that upheld a 2017 jury verdict siding with Sprint in the dispute. Sprint's 2011 lawsuit against Time Warner said the cable company's Voice over Internet Protocol (VoIP) service, which relays calls over the internet, infringed several of Sprint's patents on connecting users of older and more modern telephone technologies.

  • TV mogul says Supreme Court case against Comcast is about 'economic inclusion'
    Yahoo Finance

    TV mogul says Supreme Court case against Comcast is about 'economic inclusion'

    Byron Allen, the chief executive of Entertainment Studios Inc., alleges that Comcast refused to license his channels because he is black.

  • This 'micro' data center in Raleigh doesn't need a lot of space
    American City Business Journals

    This 'micro' data center in Raleigh doesn't need a lot of space

    It won’t look like much, cautions EdgeMicro co-founder Greg Pettine. While massive data centers in Research Triangle Park can contain hundreds of servers, this one, at just 700-square-feet in north Raleigh, has just six server racks. While footprints being pumped out by data center giants CyrusOne and Digital Realty have to serve slews of clients to be profitable, Colorado-based EdgeMicro is close to an even cash flow in Raleigh already with just two of its six racks occupied.

  • Zacks

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  • 4 Media Stocks Set to Beat Estimates This Earnings Season
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  • Here's Why Momentum Investors Will Love Charter Communications (CHTR)
    Zacks

    Here's Why Momentum Investors Will Love Charter Communications (CHTR)

    Does Charter Communications (CHTR) have what it takes to be a top stock pick for momentum investors? Let's find out.

  • Charter (CHTR) Moves to Buy: Rationale Behind the Upgrade
    Zacks

    Charter (CHTR) Moves to Buy: Rationale Behind the Upgrade

    Charter (CHTR) has been upgraded to a Zacks Rank 2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

  • Thomson Reuters StreetEvents

    Edited Transcript of CHTR earnings conference call or presentation 25-Oct-19 12:30pm GMT

    Q3 2019 Charter Communications Inc Earnings Call

  • Charter (CHTR) Q3 Earnings Beat, User Growth Aids Revenues
    Zacks

    Charter (CHTR) Q3 Earnings Beat, User Growth Aids Revenues

    Charter's (CHTR) third-quarter 2019 results reflect growth in Internet, mobile, commercial and video revenues, and significant customer wins.