Latest in Time Warner Cable

Shares in Charter Communications, the No. 2 U.S. cable operator, surged more than 14% to finish at $331.05 after the company reported strong fourth quarter results Thursday. One big reason for investor enthusiasm is a key metric included in the quarterly report: The company expects a hefty $2 billion drop in capital…

Prosecutors in New York have settled their consumer fraud lawsuit against Charter Communications for a record $174.2 million, calling the $62.5 million direct refund to customers the biggest by an internet provider in U.S. history. The agreement settles a lawsuit alleging that the state's largest ISP, which operated…

New York’s public service commission is trying to remove Spectrum, the state’s largest TV and Internet service provider, because it allegedly reneged on commitments and has failed to properly serve customers. The state commission has given Charter Communications, the owners of Spectrum, 60 days to come up with an exit…

Tom Rutledge, the longtime cable TV executive who has led Charter Communications as CEO since 2012, made $7.8 million in total compensation in 2017, a sharp drop from his $98.5M haul in 2016. According to the company’s annual proxy statement filed with the SEC, a base salary of $2M was heavily supplemented by a $5.5M…

Charter Communications, now the No. 2 U.S. cable operator following its acquisitions of Time Warner Cable and Bright House, reported a modest increase in revenue but wider video subscriber losses in the third quarter ending September 30. Results fell short of Wall Street analysts’ estimates. Revenue of $10.5 billion…

Hackers might have been able to access “a massive amount of sensitive information” involving communications companies — including “more than 4 million records” from customers of Charter’s Time Warner Communications — Kromtech Security Center reports today. The firm says in a blog post that in July it discovered an…

Fox News and Charter Communications told a New York court that they’ve resolved a three-month-old contract dispute over the rates the No. 2 cable operator pays for the channel. At issue was whether Charter had to pay the rates it negotiated with Fox, or could switch to lower ones the network had with Time Warner Cable…

The FCC today said it will reverse a requirement of last year’s Charter Communications-Time Warner Cable merger that would have seen Charter build out 1 million broadband deployments into locations already serviced by another provider. The “overbuild” requirement was instituted by Obama administration FCC chairman Tom…

UPDATE with Eric Garcetti statement: Charter Communications said it has pacted with KTLA Los Angeles to air six of the Los Angeles Dodgers’ final regular-season games — including Vin Scully Appreciation Day on September 23, celebrating the Hall of Fame broadcaster who is wrapping his 67th and final season with the…

Charter Communications and the company it recently acquired, Time Warner Cable, regularly held on to cash they inappropriately collected from consumer overcharges, according to a report out today from the U.S. Senate’s Permanent Subcommittee on Investigations. The operators “made no effort to trace equipment…

It’s time to close the book on Time Warner Cable’s 43-year history. It officially became part of Charter Communications this morning when the company closed its acquisition of TWC and Bright House Networks. That makes Charter the nation’s No. 2 cable company, after Comcast. The new cable giant has more than 25 million…

Charter Communications will become the nation’s No. 2 cable operator next week after the California Public Utilities Commission today approved its deal to buy Time Warner Cable. This was the last hurdle for the transaction, which the FCC and Justice Department endorsed after Charter agreed to several conditions. "We…