Analyst: 33 percent of cable, satellite TV subscribers on promo deal
Those deals could be bad news for cable and satellite companies as more subscribers cut the cord due to the pandemic-induced recession.
Charter Communications ($CHTR) is an American telecommunications and media company that offers cable television, broadband Internet, home phone and wireless phone service to consumers and businesses under the Spectrum brand. Charter also operates several regional cable networks, including Spectrum News and Spectrum Sports. The company is headquartered in Stamford, Connecticut.
Those deals could be bad news for cable and satellite companies as more subscribers cut the cord due to the pandemic-induced recession.
Unlike rivals Comcast and AT&T, Charter has remained devoted to traditional cable TV offerings.
Customers of Charter’s pay TV service Spectrum will soon pay more for broadcast networks that they are forced to receive.
Internet companies like Comcast and AT&T are rolling back relief benefits offered during the global health crisis.
Charter has asked the FCC to remove a barrier that prevents the company from imposing data caps on Internet customers.
Comcast, Charter and AT&T comprise more than two-thirds of all broadband Internet customer accounts in the United States, according to data from a research firm reviewed by The Desk.
Tribune is warning that many stations, including KTLA, PIX 11 and CW Portland, could be pulled from Spectrum TV after negotiations with Charter have not yielded a new contract.