Key Updates from Charter at Goldman Sachs's Communacopia

1 2 3 4 5 6 7 8
Key Updates from Charter at Goldman Sachs's Communacopia PART 1 OF 8

An Update on Charter’s Integration Process

Charter’s integration process

Charter (CHTR) is a provider of cable services in the United States. The company offers various communications and entertainment options to commercial and residential subscribers. In 2016, Charter completed its merger with Bright House Networks and Time Warner Cable. With this merger, the new Charter Communications is the second-largest US cable company after Comcast (CMCSA).

During the Goldman Sachs Communacopia Conference held on September 12, 2017, Tom Rutledge, Charter’s chief executive officer, gave an update on the integration process. Rutledge stated that the integration process is going pretty much as the management hoped it would go and the plan is working. At this point, the company still has another year in terms of Charter becoming a singular company.

An Update on Charter’s Integration Process

Interested in CHTR? Don't miss the next report.

Receive e-mail alerts for new research on CHTR

Success! You are now receiving e-mail alerts for new research. A temporary password for your new Market Realist account has been sent to your e-mail address.

Success! has been added to your Ticker Alerts.

Success! has been added to your Ticker Alerts. Subscriptions can be managed in your user profile.

Charter reported mixed 2Q17 results. Both the top and bottom lines fell short of Wall Street analysts’ consensus estimates, but the 90,000 video subscriber losses were far better than anticipated. Charter reported EPS (earnings per share) of $0.52 in 2Q17 as compared to $0.91 in 2Q16 on a pro forma basis.


Charter faces growing competition in the cable industry due to the robust growth in OTT (over-the-top) video streaming services and satellite broadcasters like Dish TV (DISH) and DIRECTV. DIRECTV was purchased by AT&T (T) in July 2015, making it the largest pay-TV company in the US. AT&T and Verizon (VZ) are also ramping up comparable service offerings, including high-speed Internet, video, and digital phone, and are combining them with wireless services that further intensify competition in the cable market.


Please select a profession that best describes you: