44 Facts About Charter Communications

Charter Communications, Inc, is an American telecommunications and mass media company with services branded as Spectrum.

In late 2012, with longtime Cablevision executive Thomas Rutledge named as their CEO, Charter Communications relocated its corporate headquarters from St Louis, Missouri, to Stamford, Connecticut, though kept many of its operations in St Louis.

On May 18,2016, Charter Communications finalized acquisition of Time Warner Cable and its sister company Bright House Networks, making it the third-largest pay television service in the United States.

Charter Communications ranked No 70 in the 2019 Fortune 500 list of the largest United States corporations by total revenue.

In 1995, Charter Communications paid about $300 million for a controlling interest in the cable television systems owned by Crown Media Holdings and acquired Cable South.

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Charter Communications completed more than 10 major acquisitions in 1999 when it:.

Charter Communications began swapping customers with other systems to improve the geographic clustering of its systems.

In 2001, MSN and Charter Communications signed an agreement to offer MSN content and services to Charter Communications's broadband customers.

In 2008, Charter Communications stock failed to meet NASDAQ standards and was given warning to comply by October 13 or request an extension.

In February 2009, Charter Communications announced that it planned to file for Chapter 11 of the United States Bankruptcy Code on or before April 1,2009.

The action would allow Charter Communications to pay its debt obligations, and cancel its obligations to shareholders.

Charter Communications filed for a prearranged bankruptcy on March 28,2009.

Charter Communications expected the financial restructuring to reduce its debt by $8 billion, as well as adding $3 billion of new investment, and refinancing other debt.

That day, Charter Communications emerged from bankruptcy despite many of its creditors' objections over its bankruptcy plan.

Also in that year, Charter Communications signed a multi-year deal with TiVo to deliver content via its platform.

On February 8,2013, Charter announced an agreement to acquire some former Bresnan Communications systems from Cablevision in a transaction worth US$1.

Approximately one month later, on March 19,2013, Charter announced that Liberty Media, a company controlled by former TCI CEO John C Malone, would be acquiring a 27.

On January 13,2014, Charter Communications said it was interested in buying its larger rival Time Warner Cable.

Charter Communications confirmed that it would continue with its proposed acquisition of Bright House Networks under slightly modified terms.

Charter Communications was required to expand its services to 2 million new households, with at least 1 million being in markets where competing providers operate.

Charter Communications claimed that the deal was too low for them to accept, and Charter Communications's largest shareholder Liberty Media stated that they were not ready to sell.

Charter Communications has proposed moving independently managed health and pension benefits to its own company plans, which union members consider would include drastic cuts for them and their families and loss of job security.

Charter Communications was required to expand broadband service to at least 145,000 unserved or underserved residential units over 4 years, with a minimum of 36,250 new units per-year.

Charter Communications was accused of making false statements in its progress reports, with an audit finding that Charter fraudulently declared at least 14,000 addresses already served by the company as being "new" deployments.

Charter Communications was later granted repeated extensions of its deadline.

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Charter Communications must contribute $12 million to a fund "for broadband expansion projects at locations to be selected by the Department and the Broadband Program Office", with half of this funding to be provided to either Charter Communications or a competitor via a competitive bidding process.

Charter Communications offers service to an estimated 25 million people in 41 states with significant coverage in 48 states.

Charter Communications relied heavily on a predominantly coaxial cable-based network.

Orders completed online or through retail partners with Charter Communications are directed to a call center located in Tempe, Arizona, operated by Teletech.

Charter Communications-owned call centers are located in St Louis, Missouri ; Billings, Montana; Greenville, South Carolina; Vancouver, Washington; Fond du Lac, Wisconsin; Walker, Michigan; Rochester, Minnesota; Worcester, Massachusetts, and Louisville, Kentucky, with Heathrow, Florida, handling the bulk of video, high-speed data, and telephone billing and customer service contacts.

In 2016, Charter Communications announced that it would be adding 20,000 United States-based jobs, with many of these jobs being call center jobs.

On March 27,2006, Charter Communications announced that it would sell cable systems serving approximately 43,000 customers in Nevada, Colorado, New Mexico, and Utah to Orange Broadband Holding Company.

Charter Communications eventually returned to those areas in 2016 when it acquired Time Warner Cable.

On October 14,2008, the Fairmont Sentinel reported that Charter was selling parts of their system to Midcontinent Communications, including Charter's offices in Bemidji and International Falls, Minnesota.

On October 22,2010, Charter sold 32 head-ends serving 65,000 customers in Alabama, Arkansas, Georgia, Louisiana, Missouri, and Texas to Cobridge Communications.

Charter Communications since decided to give a $150 account credit to each affected user.

In May 2008, Charter Communications announced that it planned to monitor web sites visited by its high-speed Internet customers via a partnership with targeted advertising firm NebuAd.

In 2004, Charter Communications settled a class-action lawsuit concerning the questionable financial reporting associated with the US Department of Justice's 2002 investigation and subsequent indictment of four former executives.

Current and former shareholders were awarded $144 million as well as an agreement from Charter Communications to maintain and implement proper corporate governance measures.

In June 2010, Charter Communications settled a class-action lawsuit for $18 million concerning wage and overtime claims for current and former field technicians in California, Missouri, Michigan, Minnesota, Illinois, Nevada, Washington, Oregon and Nebraska.

In May 2016, Charter Communications reached a settlement with the FCC regarding allegations by Zoom Telephonics that, in 2012, following the introduction of new rate plans and the introduction of DOCSIS 3.

Charter Communications paid a $640,000 fine, and agreed to use a shorter testing process allowing the use of any DOCSIS 3.

On February 1,2017, Charter Communications was sued by the Attorney General of New York for failing to provide its advertised Internet speeds to customers in areas that Charter Communications acquired by the purchase of Time Warner Cable.

In July 2022, a jury in Dallas County, Texas ordered Charter Communications to pay $375 million in compensatory damages plus $7 billion in punitive damages to the family of a woman who was murdered by a Spectrum technician.