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Spectrum TV And Internet Parent Charter Communications Delivers Better-Than-Expected Q4 Results
Charter Communications, which offers TV, internet and wireless services under the Spectrum brand, topped Wall Street expectations in the fourth quarter.
The company gained wide attention in 2023 for taking a stand with Disney in a carriage negotiation, allowing ESPN, ABC and other networks to go dark for 10 days in late-summer. The companies wound up compromising and the signals were turned back on, but only after CEO Chris Winfrey had warned of a potential “‘moving on’ scenario with a completely different video product structure.” A few smaller, regional operators have abandoned pay-TV in favor of broadband. All providers, including giants Comcast and Charter, have been hurt by large telecom firms like AT&T and Verizon luring customers away with fiber-based internet service as an alternative to broadband.
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