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Charter Communications Inc. Nasdaq Global Select
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Charter Communications Inc. 400 Atlantic Street Stamford CT, 6901
Charter Communications Inc is a providers of cable services in the United States. The company offers entertainment, information and communications solutions to residential and commercial customers.
  • CEO: Thomas M. Rutledge
  • Employees: 94,800
  • Sector: Communication Services
  • Industry: Communication Services
Latest news about the CHTR
  • Telehealth's future depends on bridging the digital divide: Hospital CEO

    As the coronavirus pandemic forces people to work, shop, and go to school online, it’s highlighted the deep disparity in access to broadband internet — and in turn, health care.

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  • The Zacks Analyst Blog Highlights: PayPal, Exxon Mobil, Goldman Sachs, Charter Communications and Biogen

    The Zacks Analyst Blog Highlights: PayPal, Exxon Mobil, Goldman Sachs, Charter Communications and Biogen

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  • A Record-Breaking 5G Spectrum Auction Is Nearly Done. What It Means for AT&T, Verizon and T-Mobile.

    “We continue to argue that carriers can’t overspend on this spectrum,” wrote New Street analyst Jonathan Chaplin on Monday.

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  • Comscore Announces Strategic Investment by Charter Communications, Qurate Retail and Cerberus

    Comscore, Inc. (Nasdaq: SCOR) ("Comscore" or the "Company"), a trusted partner for planning, transacting and evaluating media across platforms, today announced investments from Charter Communications, Inc. (together with its affiliates, "Charter"), Qurate Retail, Inc. ("Qurate") and an affiliate of Cerberus Capital Management, L.P. ("Cerberus"). Specifically, Charter, Qurate and Cerberus each will make a cash investment in exchange for shares of convertible preferred stock (the "Investment," as more fully described below). Proceeds from the Investment will be used to retire the Company's existing debt and significantly improve the Company's financial flexibility and liquidity position.

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  • Here is Why Growth Investors Should Buy Charter (CHTR) Now

    Charter (CHTR) could produce exceptional returns because of its solid growth attributes.

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  • 15 Biggest Media Companies in the World

    In this article, we are going to list the 15 biggest media companies in the world. Click to skip ahead and jump to the 5 biggest media companies in the world. What are the biggest media companies in the world? The word media, which is the plural of medium, refers to the channels of communication through which […]

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  • 5G Airwave Bids Surge Past $76 Billion to Set Auction Record

    (Bloomberg) -- Bidding in a 5G airwaves auction in the U.S. surged past $76.5 billion, fueled by a frenzied demand for capacity that could send carriers like Verizon Communications Inc. and AT&T Inc. to the debt market to finance the tab.The auction run by the Federal Communications Commission started last month with a field of 57 potential bidders, including the third major wireless carrier, T-Mobile US Inc., and pay-TV providers such as Dish Network Corp., Comcast Corp. and Charter Communications Inc. Within days, the tally exceeded analysts’ estimates of $47 billion.“It blows all auctions away,” said Sasha Javid, chief operating officer of wireless data company BitPath. The previous top FCC airwaves auction attracted almost $45 billion in bids in 2015. The current sale of frequencies in the so-called C-band could approach $80 billion as bidding extends for another week or more, Javid said in an interview.The go-for-broke bidding underscores how crucial these midband frequencies are to companies trying to seize global leadership in emerging 5G technology. The airwaves are expected to drive a yearslong surge of profits when deployed for next-generation mobile devices, autonomous vehicles, health-care equipment and manufacturing facilities.“It’s great spectrum, there’s a lot of it, and it’s coming right as carriers are gearing up to get ready for 5G,” said Doug Brake, director of broadband and spectrum policy at the Information Technology & Innovation Foundation, a nonprofit research outfit.Verizon VersusWhile Verizon was expected to be the biggest bidder in the auction, the carrier may have run into a formidable counterbidder in T-Mobile, thanks to the financial backing of its controlling stockholder, Deutsche Telekom AG.“If you’re Verizon and you don’t get this spectrum, you’ve basically lost the race to 5G,” Javid said.With about $10 billion in additional cash from Deutsche Telekom, New Street Research says T-Mobile could be using the auction to build on an already-large holding of midband 2.5-gigahertz airwaves gained with the takeover of Sprint Corp. in April.T-Mobile already has “a powerful network advantage today, and they may extend it,” New Street Research analyst Jonathan Chaplin wrote in a note Monday.Collectively, the largest bidders had about $70 billion in cash available at the beginning of the auction. But with the total already higher than that, companies like Verizon, AT&T, T-Mobile, Dish and Comcast “may have to tap the bond market in early 2021,” Bloomberg Intelligence analyst Stephen Flynn wrote in a note Monday.In addition to the airwaves licenses, winning bidders also will pay an estimated $13 billion or more to current users of the airwaves, including satellite providers Intelsat SA and SES SA. The satellite companies will change their use of frequencies to make room for the 5G providers.(Update new bid total in first paragraph.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.

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  • 7 Media Stocks That Could Light Up Your Gray Winter

    The holiday season is wrapping up, the pandemic is still raging and we have several months of a gray winter to look forward to. So, between the weather and the novel coronavirus, people are going to stay indoors as much as possible. That means they’ll be consuming a ton of media for information and entertainment. And therein lies the opportunity for investors — assuming they can sniff out the right media stocks to buy. As such, I have seven suggestions, ranging from a 170 year-old newspaper pioneer to the leading streaming video service. I have also included picks you might not think of immediately, like companies that deliver the media and one that makes it better.  Grading 10 of 2020's Hottest SPACs in Preparation for the New Year Plus, each of these companies has at least a “B” rating in Portfolio Grader, so you know these are some of the best media stocks to buy if your aim is long-term growth.InvestorPlace - Stock Market News, Stock Advice & Trading Tips Cable One (NYSE:CABO) Charter (NASDAQ:CHTR) Dolby (NYSE:DLB) Fubotv (NYSE:FUBO) Liberty Broadband Series C (NASDAQ:LBRDK) Netflix (NASDAQ:NFLX) New York Times (NYSE:NYT) Media Stocks to Buy: Cable One (CABO) Source: Shutterstock First up on this list of media stocks to buy is Cable One. This Arizona-based broadband provider offers internet, phone and cable TV services to over 950,000 customers in 21 states. The company is also active in both residential and business markets, working under its Sparklight and Clearwave brands. Cable One is growing, both organically and through acquisitions. In its third-quarter earnings report, the company noted the closing of two recent acquisitions of regional telecommunications providers. CABO also posted big yearly gains. Those acquisitions helped boost residential customers by over 165,000 year-over-year (YOY) for a 26.7% gain. Revenue was also up 18.9% YOY. Now CABO stock is up 51% year-to-date (YTD) in 2020 and up nearly 419% over the past five years. Finally, adding to its attraction, Cable One also pays investors a dividend. So, it’s clearly one of the better media stocks for investors focused on growth. Charter (CHTR) Source: Piotr Swat / Charter is a broadband provider that operates in 41 states under the Spectrum Brand. With over 30 million residential and business customers, it’s one of the top three providers in the U.S. market. Demand for broadband access to internet and streaming video has helped CHTR stock achieve sustained growth. Shares are up nearly 35% YTD and 257% over the past five years.   Additionally, the company’s push into mobile internet access is also paying off. In Q3, Charter added 363,000 new mobile lines for a total of 2.1 million. Mobile revenue growth was also up 91.8% YOY in Q3. The Wall Street Journal is tracking 28 investment analysts who are covering the name. They give CHTR stock a consensus overweight rating and an average 12-month price target of $704. That offers a modest 7.5% upside. However, based on this year’s 35% gain, I suspect they are being conservative. The 7 Safest Stocks to Start Off 2021 on the Right Foot Right now, the pandemic has proven that broadband access is more important than ever. Moreover, Charter’s impressive mobile growth will also drive ongoing gains. That makes this pick one of the better media stocks to buy. Dolby (DLB) Source: Michael Vi / Dolby is one of those companies that is immediately identifiable as a key part of the media landscape. You see the name everywhere. But this company doesn’t generate content nor does it deliver it. Instead, Dolby is primarily focused on making content sound better. Whenever you see the Dolby logo on a product — a TV, a soundbar, a home or car audio system, headphones, a game console or something else — the company is collecting a licensing fee. And when it comes to the pandemic, people stuck at home and streaming shows or playing video games want the experience to be as immersive as possible. As such, they’ve been snapping up soundbars with Dolby Atmos for three-dimensional surround audio. While that’s been good for business, though, the company has also been feeling the negative effects of the pandemic, with many movie theaters closed. In fact, Covid-19 has caused an overall hit to Dolby this year. Revenue for 2020 was $1.16 billion, down about 6.5% from the $1.24 billion it made in 2019. However, DLB stock has still posted an impressive gain of 41% YTD. Plus next year, with positives like a vaccine and the iPhone 12 now supporting Dolby Vision, there may still be upside for this media creation and consumption stock. Even if a theater recovery is already priced into the current value, five-year growth of 183% suggests this pick of the media stocks to buy is worth considering for its long-term prospects. FuboTV (FUBO) Source: Lori Butcher/ Have you heard of FuboTV? If not, think Netflix but for live sports. Now, you would imagine that during a pandemic year — when professional sports have been highly impacted — FUBO might be feeling some pain. Instead, it’s actually been the opposite. In fact, sports-starved consumers are forking over their cash for FuboTV subscriptions. In Q2, the company reported that paid subscribers topped 286,000. That’s a 47% YOY increase. Additionally, revenue was up 53%. More specifically, advertising revenue posted a 71% gain year-over-year. On top of that, as professional sports leagues slowly began to return to action, FUBO reaped further rewards recently. In Q3, it exceeded guidance and delivered one of its best quarters ever. Paid subscribers hit 455,000 while revenue of $62.1 million was up 47%. Advertising revenue grew by 153%. FUBO stock was flat through most of 2020. However, the Q3 results kickstarted a rapid growth cycle. That increased as the company gained visibility and rumors began to swirl about it signing a deal for exclusive sports coverage.  9 Long-Term Stocks for the Next Decade So, after spending most of the year in the $10 range, FUBO stock took off in November. Now after a correction, it still stands at around 230% YTD growth at $29.30. Based on its pandemic performance, increased visibility and the possibility of an exclusive deal in the future, FUBO is one of those media stocks to buy that has big growth potential. Liberty Broadband Series C (LBRDK) Next on my list of media stocks to buy is Liberty Broadband, a name that owns or invests in a range of communications businesses. The company’s holdings include a 29% stake in the previously discussed Charter. It also owns 100% of both GCI — an Alaskan telecommunications provider — and Skyhook, a global mobile-positioning company.  In its third quarter, Liberty Broadband reported revenue up just over 13%. What’s more, the pandemic has had relatively negligible adverse effects on its business: “We are not presently aware of any events or circumstances arising from the COVID-19 pandemic that would require us to update our estimates or judgments or revise the carrying value of our assets or liabilities.” Right now, LBRDK stock has had 26% growth so far in 2020. What’s more, analysts covering the stock have rated it as a consensus buy. Their median price target of $182 has 16% upside, showing confidence that this is one of the better media stocks to buy with a solid growth trajectory. Netflix (NFLX) Source: Pe3k / You can’t talk about media stocks to buy in 2020 without mentioning the company that kicked off the video streaming era. Of course, Netflix has had some big positives this year, but it has also faced challenges that scared off some investors.  The first two quarters of 2020 brought a surge in subscriber growth as pandemic lockdowns boosted demand for entertainment. That slowed in Q3, but the unexpected gains were still a big win for the year. They helped soothe fears that the dramatic increase in streaming competition would drag Netflix down. In addition, Netflix saw cash flow significantly improve in 2020. Right now, the company is approaching the point where it can finance its own productions without having to borrow money. That is a good sign for long-term sustainability. After early gains and a roller-coaster summer and fall, NFLX stock is showing growth of nearly 67% YTD. You can’t argue with that kind of performance. Plus, currently NFLX is still well off its 52-week high. That makes it an even more attractive buy. New York Times (NYT) Source: Osugi / Last on this list of stocks is the old gray lady of media — the New York Times. Now, NYT may be the last company many people think of when it comes to media stocks to buy. Streaming video companies, sure. But a newspaper? Here’s the thing. People still want to read the news –it’s just that they want to do it on their tablet, phone or laptop. Recognizing that trend, the New York Times is doing a far better job than most in transitioning to the digital world. More importantly, it’s doing a far better job of convincing people to pay for access. The news organization first launched a paywall in 2011. Just in November, it also announced it had reached a significant milestone in digital transformation. For the first time ever, revenue from its digital subscribers surpassed revenue from print subscriptions. Those 7 million digital subscribers helped the company to double net income in the last quarter, even though advertising revenue continued to slowly slide. Despite plummeting in the early 2000s as ad revenue fell and the future of newspapers was in doubt, NYT stock has been in growth mode for the past five years. Currently, it’s up 61% YTD. So, this name is well worth considering if you’re looking for a media stock that can survive and thrive in a rapidly transforming marketplace. On the date of publication, Louis Navellier had a long position in CABO. Louis Navellier did not have (either directly or indirectly) any other positions in the securities mentioned in this article. The InvestorPlace Research Staff member primarily responsible for this article did not hold (either directly or indirectly) any positions in the securities mentioned in this article. Louis Navellier had an unconventional start, as a grad student who accidentally built a market-beating stock system —with returns rivaling even Warren Buffett. In his latest feat, Louis discovered the “Master Key” to profiting from the biggest tech revolution of this (or any) generation. More From InvestorPlace Why Everyone Is Investing in 5G All WRONG Top Stock Picker Reveals His Next 1,000% Winner Radical New Battery Could Dismantle Oil Markets The post 7 Media Stocks That Could Light Up Your Gray Winter appeared first on InvestorPlace.

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  • Charter to Hold Conference Call to Discuss Fourth Quarter and Full Year 2020 Financial and Operating Results

    Charter Communications, Inc. (NASDAQ: CHTR) (the "Company" or "Charter") will host a conference call on Friday, January 29, 2021 at 8:30 a.m. Eastern Time (ET) to discuss financial and operating results for the quarter and year ended December 31, 2020. A press release reporting such results will be issued at 7:00 a.m. ET that day.

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  • Comcast Is Well Positioned for a Post-Covid World—and Its Stock Looks Cheap

    Comcast shares have long trailed rivals like Walt Disney and Charter Communications. But its wide collection of assets, from theme parks to sports channels, are well positioned for a post-Covid world.

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  • Buy Cable Stocks, Analysts Say. 2021 Will Be Another Strong Growth Year.

    Consumers are streaming more video, playing more games online, and using the internet to work remotely—trends that should persist after the pandemic winds down.

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  • 15 Best Long-Term Stocks To Buy Now

    In this article, we presented the 15 best long-term stocks to buy now. Click to skip ahead and see the 5 best long-term stocks now. The billionaire legendary investor Warren Buffett’s strategy of investing for the long-term have helped his investment holding company Berkshire Hathaway to generate an average of 20% returns since it started […]

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  • A Look Into Charter Communications Price Over Earnings

    Looking into the current session, Charter Communications Inc. (NASDAQ: CHTR) is trading at $639.34, after a 1.07% decrease. Over the past month, the stock fell by 0.47%, but over the past year, it actually spiked by 34.42%. With questionable short-term performance like this, and great long-term performance, long-term shareholders might want to start looking into the company's price-to-earnings ratio. Assuming that all other factors are held constant, this could present itself as an opportunity for shareholders trying to capitalize on the higher share price. The stock is currently below from its 52 week high by 6.22%. The P/E ratio is used by long-term shareholders to assess the company's market performance against aggregate market data, historical earnings, and the industry at large. A lower P/E indicates that shareholders do not expect the stock to perform better in the future, and that the company is probably undervalued. It shows that shareholders are less than willing to pay a high share price, because they do not expect the company to exhibit growth, in terms of future earnings. View more earnings on CHTRMost often, an industry will prevail in a particular phase of a business cycle, than other industries. Charter Communications Inc. has a lower P/E than the aggregate P/E of 52.61 of the Media industry. Ideally, one might believe that the stock might perform worse than its peers, but it's also probable that the stock is undervalued. There are many limitations to price to earnings ratio. It is sometimes difficult to determine the nature of the earnings makeup of a company. Shareholders might not get what they're looking for, from trailing earnings.See more from Benzinga * Click here for options trades from Benzinga * Stocks That Hit 52-Week Highs On Tuesday * Stocks That Hit 52-Week Highs On Monday(C) 2020 Benzinga does not provide investment advice. All rights reserved.

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  • Is There An Opportunity With Charter Communications, Inc.'s (NASDAQ:CHTR) 30% Undervaluation?

    Does the December share price for Charter Communications, Inc. ( NASDAQ:CHTR ) reflect what it's really worth? Today...

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  • Trump FCC Pick Confirmed Over Democrats’ Objection

    (Bloomberg) -- The U.S. Senate on Tuesday confirmed President Donald Trump’s nominee to the Federal Communications Commission, potentially setting up a partisan deadlock that could leave the agency unable to advance President-elect Joe Biden’s policies.Nathan Simington, 41, a Commerce Department official, won approval by a party-line vote of 49-46 over the opposition of Democrats.Simington will replace Michael O’Rielly, a Republican FCC commissioner whose nomination was withdrawn after he criticized Trump’s plan to weaken legal protections for social media companies. Simington’s term is to run until July 2024.He will initially be part of a 3-to-2 Republican majority. But Republican Chairman Ajit Pai has announced he will depart the agency next month as Biden takes office, leaving four members.That would produce a 2-to-2 split along party lines until the Senate confirms a choice from Biden. Though Biden will have the authority to appoint a chairman from among the remaining commissioners, the body would be unable to advance initiatives that don’t have bipartisan support.Senate Minority Leader Chuck Schumer, a New York Democrat, urged lawmakers to reject Simington. Normally nominees advance in bipartisan pairs to ensure balance, but in this case “the Republican majority is rushing to approve a single Republican nominee,” Schumer said.Schumer called Simington “far from uncontroversial” and cited the nominee’s support of Trump’s efforts to weaken social media’s legal shield against liability for curating posted remarks.“What we will have at the FCC now is potential gridlock,” said Senator Richard Blumenthal, a Connecticut Democrat. He said Biden promised to increase access to the internet, reinstate net neutrality rules that limit broadband providers, and renew a commitment to consumer protection.“This nomination threatens all those goals for a new administration,” Blumenthal said.Simington didn’t respond to messages seeking comment left at his office.Some conservatives back Simington in order to ensure deadlock. They oppose Democratic priorities such as increasing internet subsidies and restoring net neutrality rules that bar broadband providers from interfering with web traffic.Simington, a lawyer, had no previous government experience before June when he became a senior adviser at the National Telecommunications and Information Administration, a Commerce Department arm that advises the president on communications.Before that, he served as senior corporate counsel for Brightstar Corp., a wireless device services, logistics and insurance company, according to his resume as provided to the Senate.Simington told lawmakers at his Dec. 2 confirmation hearing that he prizes “regulatory stability” and said the FCC must be “thoughtful about potential chilling effects” from “intrusive, disruptive and burdensome” regulations.His nomination was supported by Charter Communications Inc. and CTIA, a trade group representing carriers including AT&T Inc. and Verizon Communications Inc.“He has shown a keen recognition of the value of competition and private investment in securing U.S. leadership in broadband,” Meredith Attwell Baker, president of CTIA, said in an emailed statement Tuesday.NCTA-The Internet & Television Association, a trade group representing cable companies including large U.S. provider Comcast Corp., congratulated Simington.“We look forward to working with him and his colleagues to find creative solutions that will promote private sector investment and innovation rather than returning to obsolete regulatory models of the past that would only stifle broadband deployment,” Michael Powell, NCTA’s president, said in a statement.(Updates with reaction in last three paragraphs.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

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  • Nasdaq Hits New Highs: 5 Hot Stocks in the ETF

    The tech-heavy Nasdaq Composite Index hit an all-time high on Dec 7, with a new round of COVID-19 restrictions amid surging infections.

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  • Opposition Grows to GOP Nominee Who Could Deadlock FCC

    (Bloomberg) -- A rush to seat President Donald Trump’s nominee on the Federal Communications Commission is generating complaints by Democrats that it could tie up the agency in partisan deadlock, unable to advance President-elect Joe Biden’s policies.The Senate is scheduled to vote Tuesday on the appointment of Nathan Simington, who is opposed by Democrats. Simington was approved by the Commerce Committee on a party line vote.Simington, a Commerce Department official, would replace a sitting FCC commissioner whose term is expiring and would initially be part of a 3-to-2 Republican majority. But Republican Chairman Ajit Pai has announced he will depart the agency next month, leaving four members.That would leave an agency split 2-to-2 along party lines until the Senate confirms a choice from Biden. Though Biden will have the authority to appoint a chairman from among the remaining commissioners, the body would be unable to advance initiatives that don’t have bipartisan support.The vote would break a Senate norm of advancing nominees in bipartisan pairs so each party has reason to move forward, said Senator Richard Blumenthal, a Connecticut Democrat.“The FCC should be truly an independent agency that serves the public interest,” Blumenthal said in a news conference Monday “Not a political football which is what Donald Trump is trying to make it.”Some conservatives are backing Simington in order to leave the commission in the 2-2 deadlock. They oppose Democratic priorities such as increasing internet subsidies and restoring net neutrality rules that bar broadband providers from interfering with web traffic.“Republicans should not underestimate the harm that a Democrat-led FCC could impose on the American economy during Biden’s first 100 days,” Grover Norquist, president of the policy group Americans for Tax Reform, said in a Dec. 1 letter to McConnell. Norquist said confirming Simington could “forestall billions in economic damage.”Republican FCC Commissioner Brendan Carr has taken up the theme, telling Fox Business News on Dec. 2 that Simington’s arrival could “help forestall what really would be billions of dollars worth of economic damage.”A Republican-controlled Senate would lack incentive to approve a Biden nominee, said Blair Levin, an analyst with New Street Research.“The incentives to engage in the tactics of confrontation and polarization are far stronger than the incentives to compromise,” he wrote.A tie would bring about delays in policy making, uncertainty around mergers and “significantly greater political gamesmanship. In short, we think the FCC could become a lot more like Congress,” Levin said.The path to Democratic control would be eased if the party takes control of the Senate with victories in runoff elections in Georgia early next month.Simington has won support from Charter Communications Inc. and Meredith Attwell Baker, president of CTIA, a trade group representing carriers including AT&T Inc. and Verizon Communications Inc. Simington helped to write a proposal that’s before the FCC to increase social media companies’ exposure to greater legal liability.David Popp, a spokesman for Senate Majority Leader Mitch McConnell, said Monday he had no “additional guidance or announcements on the FCC beyond the Simington nomination.”(Updates with remarks from senator, beginning in fifth paragraph.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

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  • Charter Closes $3.0 Billion Senior Secured Notes

    Charter Communications, Inc. (NASDAQ: CHTR) (along with its subsidiaries, "Charter") today announced that its subsidiaries, Charter Communications Operating, LLC and Charter Communications Operating Capital Corp. (collectively, the "Issuers"), have closed on $3.0 billion in aggregate principal amount of notes consisting of the following securities:

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  • Fox News Is Holding More Cards Than Trump Realizes

    (Bloomberg Opinion) -- President Donald Trump and a pair of fledging conservative news networks seem intent on taking down Rupert Murdoch’s Fox News. Do they have a shot?In the weeks since he lost his re-election bid, Trump has stepped up broadsides against his one-time channel of choice, goading followers to switch from Fox to the more MAGA-friendly alcoves of Newsmax TV and One America News Network. Both have been more willing to hawk the president’s spurious claims of voter fraud, which at Fox are relegated to its nighttime opinion shows — and even there are beginning to fade. For Newsmax and OAN, hitching their wagon to the reality-TV star, even as he’s set to leave the White House, has given them the best chance at pillaging Fox’s ratings and springing from obscurity.Christopher Ruddy, Newsmax’s CEO and majority owner, is clearly enjoying the sudden attention on his business, giving interviews in the last few weeks to CNN, CNBC, the Daily Beast, the New Yorker and Variety and making swipes at Fox along the way. He’s right about one thing: Fox can’t keep up its clashing interests. It can’t be taken seriously as a journalistic operation while at the same time cozying up to the conservative fringes and peddling conspiracy theories. And now places like Newsmax are doing the latter part better. Trump’s loss has effectively put Fox at a crossroads.But whether Newsmax or OAN will seriously dent the No. 1 primetime cable-TV network or remain kooky wannabes depends on several unpredictable factors, including how politically relevant the Trump family is after 2020 and whether it forms its own media brand, further fragmenting that corner of the industry.There’s also one wall Trump helped build that offers Fox immense protection: its profit parapet. Fox Corp., the $18 billion parent company, depends on the Fox News and Business channels for the overwhelming majority of its income. Michael Nathanson, an analyst for MoffettNathanson LLC, pegs it at more than 80%. And most of that comes from affiliate fees, which are the contractually obligated payments cable providers make to be able to offer channels such as Fox on their TV packages. The key word is contract; these agreements last years, often five to seven. In August, Fox said it had renewed 70% of the previous year’s affiliate revenue, and only about 5% is up for renegotiation in each of the next two years. That means Fox has its biggest source of profits locked in for quite a while at favorable rates even as U.S. households continue cutting the cord. So even if a chunk of viewers tune out of Fox, the business may be relatively safe. Meanwhile, OAN isn’t even carried on packages offered by Charter Communications Inc., Comcast Corp. or Dish Network Corp. And AT&T Inc.’s DirecTV, which does carry it, is rapidly losing customers as the company shifts its focus to streaming and 5G. Newsmax — where Sean Spicer and Diamond and Silk have their own shows — is more widely distributed and perhaps more of a threat. Fox News’s primetime viewership dropped 29% in the three weeks after the election, while Newsmax posted an average of 370,000 nightly viewers — a 277% boost, according to Bloomberg Intelligence. CNN and MSNBC had increases as well. And yet, Fox’s audience still dwarfs them all. As long as that’s true, cable packages will need to pay what they must to keep it.Fox will be “the last company standing in linear because of their news and broadcast sports businesses,” Nathanson said in a phone interview. Cable is “going to melt down to a smaller universe where Fox and other news networks get paid more as a percentage of the bundle than they do now.” Even if a network like Newsmax were to steal 20% of Fox’s audience by 2024, Nathanson said that would reduce his Ebitda estimate by only $200 million, which isn’t enough to alter his bullish view on the stock. It’s cheap relative to shares of other media companies:Rather than a traditional cable network, Trump is said to be considering the cheaper route of creating a streaming-video subscription similar to Fox Nation, according to Axios. But there are serious doubts about his ability to run a successful media company. It’s one reason Newsmax may be better off hiring Trump than selling to him. (Ruddy has said Newsmax won’t be rebranded as “Trump TV” but called the idea of a Trump talk show “terrific.”) As for Fox, trying to compete directly with Trump over his own base could prove futile. Washington Post columnist Margaret Sullivan suggests that instead Fox up its journalistic standards as a right-leaning, but reputable, news channel. That could help it draw more moderate young people into its orbit. Then again, that demographic is quickly moving to the streaming world. In fact, Fox needs to do something about the fact that almost 60% of its audience is over the age of 65. Becoming the unofficial Trump network didn’t help it there. Fox did say Wednesday, citing Nielsen, that primetime viewership among ages 25 to 54 surged 97% in November from a year earlier. Yet even if it distances from Trump, it may be hard to disentangle the brand from the man. (The final paragraph was updated to add Nielsen data released by Fox on Wednesday.)This 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 now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

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  • Better Buy: AT&T vs. Charter Communications

    Charter Communications (NASDAQ: CHTR) and AT&T (NYSE: T), two telecom giants, have carved up the Time Warner empire. Charter bought Time Warner Cable, which was spun off from Time Warner in 2009, along with its sister company Bright House Networks in 2016. AT&T bought the rest of Time Warner in 2018.

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