Latest in Tom Rutledge

Charter Communications reported earnings of $1.39 a share, well short of Wall Street analysts’ forecast for $1.81. Shares in the No. 2 U.S. cable operator, which have run up 42% in 2019, dropped 4% Friday on the quarterly miss. At $11.3 billion, total revenue gained 4.5% over the prior-year period but also fell short…

Charter Communications chairman and CEO Thomas Rutledge made $8.16 million in salary and incentives in 2018, a 5% rise over his 2017 total compensation. The company, the nation’s second-largest cable operator, revealed the numbers Thursday as part of its annual proxy filing with the SEC. The biggest boost for Rutledge…

Charter Communications, the No. 2 U.S. cable operator and a wild card in the media M&A derby, reported stellar second quarter numbers well ahead of Wall Street estimates. Earnings of $273 million, or $1.15 a share, nearly doubled the figures from the year-earlier quarter, from $139 million or 52 cents. Wall Street…

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…

Executives at major cable operator Charter Communications joined with Connecticut Gov. Daniel P. Malloy and other officials today to announce plans for a new 15-story headquarters building in Stamford. The company says the project will create 1,100 permanent jobs for the state’s battered economy. The new building at…

Charter Communications CEO Tom Rutledge seemed to take a mild swipe at Discovery Communications’ effort to buy Scripps Networks Interactive in a call with analysts this morning. Without mentioning names, he said that “there are some smaller companies there that have questionable pricing power and you can see them…

Charter Communications CEO Tom Rutledge and his former boss at Cablevision, James Dolan, are back in business, in a way. Charter just announced that it has forged a partnership with the Dolan family’s relatively new media data and analytics company called 605. The firm helps ad sellers and buyers to develop…

Comcast and Charter — the No. 1 and 2 cable operators — have just confirmed their alliance, disclosed last night, to jointly “explore potential opportunities for operational cooperation in their respective wireless businesses to accelerate and enhance each company's ability to participate in the national wireless…

Even though Charter Communications is losing video subscribers, CEO Tom Rutledge says he doesn’t worry about the growing number of lower-priced streaming services such as AT&T’s DirecTV Now and Dish Network’s Sling TV. “The story from the programmers and some of the virtual MVPD operators was that this was going to…

Charter shares are down 5.9% in pre market trading after it reported Q1 financials that fell short of the Street’s expectations. The No. 2 cable operator was caught in a squeeze, at least in its video business. Subscriptions fell as former customers of Time Warner Cable — which Charter acquired last year — saw…

Charter Communications today committed to investing $25 billion in the U.S. and hiring 20,000 new American workers during the next four years. Charter, the nation’s No. 2 cable provider after its 2016 takeover of Time Warner Cable, also said it was eliminating all offshore call centers and opening one in McAllen, TX…