Charter Communications CEO Tom Rutledge said he expects the company to finish 2015 with positive growth in its video subscribers. Those comments are similar to ones recently made by Time Warner Cable chief executive Robert Marcus.
In a new FCC filing, Charter Communications offered a glimpse into its deployment of its cloud-based Worldbox set-top box. The company said it "deployed its first new Worldboxes to paying customers using downloadable security in April, 2015, and continues to ramp up the deployment of the downloadable security system throughout Charter's systems. Enabling the Worldbox in any given footprint requires changes and additions to many pieces of the video delivery system, and those deployments are underway."
Charter Communications CEO Tom Rutledge said the cable company is looking to launch some kind of mobile wireless product and is willing to explore working with T-Mobile US or any other wireless carrier.
Charter Communications notched an increase of 7.6 percent in its overall revenues, but the company reporting losing 33,000 pay-TV subscribers. Those subscriber losses were far higher than some Wall Street analysts were expecting: JP Morgan had expected Charter to lose 15,000 video subscribers, while Jefferies had predicted 25,000 customer loses.
Charter Communications has made good on its promise to pick up Time Warner Cable's carriage-starved regional sports network, SportsNet LA. Charter announced that it will make the channel available in HD on channel 773 of its program guide to 300,000 Southern California-areas subscribers, starting with Tuesday's Los Angeles Dodgers game.
Just hours after his company announced its $56.7 billion purchase of Time Warner Cable, Tom Rutledge, Charter Communications' president and CEO promised to end the impasse that has paralyzed TWC's SportsNet LA regional sports network.
Talking openly about a prospective merger with Time Warner Cable, Charter Communications President and CEO Tom Rutledge told New York media investors Wednesday that such a deal would be "opportunity driven" and not propelled by the desire to achieve scale for programming negotiations.
Charter Communications reported a loss of 7,000 video subscribers in the first quarter but expects to increase its TV customer base for the full year with wide deployment of its next-generation Spectrum Guide video service throughout the rest of 2015.
Charter Communications announced it plans to purchase Bright House Networks for $10.4 billion. The deal, which had been rumored in reports earlier this month, would combine the nation's sixth and fourth largest cable operators into a company that Charter said would be the second-largest cable operator in the United States.
Charter's top executives are still working to uphold their end of the complex three-way deal built around the proposed merger of Comcast and Time Warner Cable. But if federal regulators don't approve that deal this spring, Charter executives say they are even more ready than before Comcast proposed the marriage to swoop in and buy TWC themselves.