Latest in Broadband

UPDATE: Charter Communications stock, which has been slumping in recent weeks, sold off further today after the company’s latest earnings report, dropping 4.5% to close at $674.60. It was the lowest closing price since May 5. Trading volume more than doubled its normal level as investors digested the quarterly…

NBCUniversal parent Comcast and publicly traded cable stocks dropped Friday on Wall Street fears of slowing broadband growth post-Covid after the industry rode a wave of new signups. Broadband, as in high-speed internet service, has been the counterbalance to a narrative of cord cutting and the declining video bundle…

New York Gov. Andrew Cuomo, joined by former Google CEO Eric Schmidt, Friday signed a bill requiring internet providers to offer broadband access to low-income families for no more than $15 a month. Higher-speed plans are capped at $20. “Internet service is an essential service. Now. you need a broadband service if…

Charter Communications beat Wall Street’s estimates for earnings in the fourth quarter, but the company reported a slowdown in acquiring internet and video customers. Net income of $6.05 per share nearly doubled the $3.28 of a year ago and far surpassed analysts’ consensus expectation for $4.83. Revenue essentially…

Comcast’s plan to increase fees for a range of services, including broadband Internet and pay-TV, in January is eliciting a wave of online customer complaints. As more parts of business and society move fully online, the Philadelphia-based cable and broadband giant is also expanding a 1.2-terabyte home Internet data…

The nation’s second largest cable operator Charter Communications said Monday it’s selling $1.5 billion in debt and could use the fresh cash to repay existing debt and fund share buybacks. It expects to close the offering of senior unsecured notes due in 2031 on July 9. The company sold $3 billion in senior notes in…

Comcast and AT&T are extending through June 30 a set of initiatives they launched in response to COVID-19, offering wifi hotspots free to everyone (not just their customers) and more flexible payment options for internet, pay-TV and wireless services. The extension, Comcast said, will “help ensure students can finish…

With most media and entertainment companies in cutback mode due to the coronavirus, Charter Communications has promised not to implement layoffs or furloughs for at least the next 60 days. The No. 2 U.S. cable operator and a major supplier of broadband internet access said it is making the promise as part of an…

The number of U.S. broadband households subscribing to two or more OTT services has more than doubled since 2014, according to a new study by streaming media tracker Parks Associates. Nearly half — 46% — of all broadband homes have multiple OTT subscriptions, the study found, up from 33% in 2017 and 20% in 2014. At…

UPDATED with reports of some customers having service restored. Before Comcast can come back to the bargaining table with a new offer for 21st Century Fox assets, it will likely need to get its broadband service back up and running. As the battle with Disney over Fox continues, the No. 1 U.S. cable provider is dealing…

The number of broadband-only households in the U.S. will grow to 37.2 million by 2022, up from 19 million in 2017, according to a new report from Kagan. That trend will only amplify industry angst about cord-cutting and the management of the traditional TV bundle. "A perfect storm of long-term trends including…

2ND UPDATE, 5:29 PM: President Donald Trump has signed into law Senate Joint Resolution 34, which “nullifies the Federal Communications Commission's rule on privacy of customers of broadband and other telecommunications services.” The move was expected after the Senate and the House passed bills scrapping an Obama…