All articles tagged with #charter
Main Street Sports, the now-defunct owner of regional sports networks that has rebranded as FanDuel Sports Network while winding down from bankruptcy, filed separate lawsuits in Delaware Superior Court alleging Comcast and Charter underpaid licensing fees during 2026 when its networks broadcast NBA and NHL games in local markets.
Charter Communications has completed its $34.5 billion merger with Cox Communications and Liberty Broadband, with Cox customers in Phoenix and Tucson set to switch to Spectrum by mid-September. Spectrum will roll out its pricing and product lineup to former Cox customers, offer 24/7 U.S.-based support and other service guarantees, and Cox billing will gradually transition to Spectrum under Charter’s ownership, expanding Spectrum’s footprint to Arizona.
Charter Communications has completed its $34.5 billion acquisition of Cox Communications, paving the way for Spectrum to roll out its full product lineup in former Cox markets—including Las Vegas—starting mid-September, with the Dodgers channel added to the Las Vegas lineup.
The captain of a boat that capsized near the Statue of Liberty, killing a mother and her 5-month-old daughter, Manuel Ernesto Hernandez-Umana, 46, has been detained by ICE. He is charged in federal court with two counts of misconduct and neglect of a ship officer resulting in death after investigators say the Yamaha AR210 was over capacity and piloted without proper licenses. Hernandez-Umana was released on a $50,000 personal recognizance bond with conditions; he also faces state charges and remains in ICE custody awaiting trial with removal proceedings possible after sentencing. The crash, which left the victims Sara Sanchez and her infant daughter Antonella Garcia dead, occurred during a birthday boat trip in New York Harbor, with Coast Guard and NYPD continuing the investigation into the vessel’s safety credentials and the cause of the capsizing.
SpaceX is pursuing a retail wireless service and a potential standalone U.S. mobile network, backed by Starlink infrastructure and a mid‑band spectrum acquisition. Talks with Charter hint at a partnership to achieve ground density while SpaceX builds out towers and small cells over years. If realized, SpaceX could own pricing and the customer relationship, using satellites for reach and Charter for dense coverage, effectively turning into a full wireless carrier and distribution platform—though execution challenges and capital needs remain substantial.
Last year, Republicans ended the FCC's Affordable Connectivity Program, which provided discounts to low-income Americans, leading to increased broadband costs and subscriber losses for Charter. Now, Charter faces a class action lawsuit claiming it misrepresented the impact of losing the program, amid ongoing subscriber declines and industry challenges.
The Standard has acquired Charter and announced Kevin Delaney as its new editor-in-chief, with updates on daily news delivery.
Billionaire venture capitalist Michael Moritz, known for investments in Google and PayPal, has co-founded The San Francisco Standard and is acquiring Charter to expand its focus on local news and the future of work, emphasizing the importance of city news amid declining local outlets.
Disney and Charter have reached a new agreement that brings Hulu to Spectrum TV customers, reintroduces eight previously removed cable channels, and extends their partnership, allowing for more flexible and integrated streaming and linear TV offerings.
Charter shares plunged over 8% after the company's Chief Financial Officer, Jessica Fischer, stated that the company may lose broadband subscribers in the fourth quarter. The drop in subscribers in October, partly due to a dispute with Disney and higher interest rates, continued into November. Charter has invested billions in expanding its broadband coverage, but the housing market slowdown has impacted demand. Fischer remains optimistic, citing a potential rebound in the housing market and the inclusion of Disney+ in some Spectrum plans as drivers for subscriber growth.
The Hamas terror organization, known for its hostility towards Jews and Israel, also targets Christians and US service organizations such as Rotary and Lions clubs. The group's charter, adopted in 1988, seeks to expand Islam globally and considers non-believers as enemies. The charter accuses these organizations of attempting to "sabotage societies" and "achieve Zionist interests." The FBI has increased investigations into Hamas to disrupt potential attacks on US soil and cut off financial support to the group. Despite the humanitarian work done by these organizations, Hamas views them as part of a "national sin" and a threat to their ideology.
Charter CEO Chris Winfrey acknowledged the loss of 320,000 video customers during the third quarter due to the Disney carriage fight but called the resulting deal a "significant step forward for the video ecosystem." The agreement, which ended a 10-day blackout of ESPN, ABC stations, and other networks, creates a new hybrid distribution model that includes free access to Disney's direct-to-consumer apps. The company estimated that the Disney dispute directly led to 100,000 video customers and 15,000 internet customers disconnecting their service. Despite beating Wall Street expectations in terms of revenue and earnings per share, Charter's shares slid due to concerns over lower-than-expected free cash flow and slower broadband growth.
Charter and Disney have reached an agreement to offer a new cable bundle that combines Charter's Spectrum cable and Disney's streaming services into one package. The bundle includes Disney Plus Basic and ESPN Plus subscriptions, with the option to combine bills for other services like Hulu with Live TV. This move aims to provide convenience for consumers and potentially stabilize the declining pay TV industry. However, it may not impact streaming giants like Netflix and Amazon Prime Video, as they do not rely on cable bundles for distribution.
Spire Motorsports has acquired Live Fast Motorsports' charter for approximately $40 million, increasing its car count to three for the 2024 season. Zane Smith, the defending Truck Series champion, will drive the newly acquired charter under a unique arrangement with Trackhouse Racing. The rising value of charters reflects the expected increase in financial revenue for NASCAR teams, particularly through the upcoming Cup Series television contract negotiations. Team executives anticipate charter values to rise to around $50 million once the negotiations conclude.
Disney and Charter have reached an agreement to end their carriage dispute, with Charter offering select Disney streaming services as part of its cable packages at no additional cost to consumers. Analysts see this deal as a win-win for both companies and a step towards a fully streaming future. Charter's focus on offering more bundles and Disney's plans to take ESPN fully over the top as a direct-to-consumer streaming service were incentives for the agreement. Disney stands to gain additional revenue of about $400 million to $500 million annually, assuming the addition of roughly 12 million subscribers through Charter. However, Disney did give up several networks in exchange for strong rate increases for ESPN.