CHARTER COMMUNICATIONS INC
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Charter Communications, Inc. is an American based broadband communications company that offers a full range of advanced communication services, such as video, high-speed internet, and telephone. The company has its headquarters located in Missouri in the United States. It is traded on the NASDAQ stock exchange under the symbol CHTR.
Originally, the core company, Charter Communications Inc., was a publishing company based out of The Hippodrome Center building, 1120 Avenue of the Americas (Sixth Avenue), in New York City. After the modern Charter Communications corporation was founded in 1993, a series of acquisitions as well as internally financed growth allowed its subscriber base to reach 1 million customers in 1998, 3.9 million in 1999, and 6.8 million in 2002 (2.3 million of which were digital cable service subscribers and nearly 750,000 broadband Internet service subscribers).
Charter Communications is one of the largest publicly traded cable operators in the country. It offers a wide choice of television programming and allows its customers to select between basic service and Charter Digital Cable packages, which include high-definition channels. The company is also engaged in providing advanced digital video recorders along with access to an extensive library of video-on-demand content.
Charter Communications offers services in bundles, especially, to customers who subscribe to either two or three charter services. Customers are allowed to deal with a single provider and to choose the bundle of services that matches their needs. The company’s mission is to provide value to its customers.
Charter Communications, Inc. (Charter) is a broadband communications company operating in the United States. It offers its residential and commercial customers traditional video cable programming; high-speed Internet access; advanced broadband cable services, such as high-definition television, OnDemand video programming and digital video recorder service, and telephone service. On March 27, 2009, Charter and certain affiliates filed voluntary petitions in the United States Bankruptcy Court for the Southern District of New York (the Bankruptcy Court), to reorganize under Chapter 11 of the United States Bankruptcy Code (the Bankruptcy Code). On May 7, 2009, Charter filed a joint plan of reorganization (the Plan) and a related disclosure statement with the Bankruptcy Court. The Plan was confirmed by order of the Bankruptcy Court on November 17, 2009, and became effective on November 30, 2009, the date on which the Company emerged from protection under Chapter 11 of the Bankruptcy Code
Description and history
Charter Communications, Inc. (Charter) is a broadband communications company operating in the United States. The Company offers a variety of entertainment, information and communications solutions to residential and commercial customers in 27 states. Charter’s infrastructure consists of a hybrid of fiber and coaxial cable plant passing approximately 11.9 million homes, through which it offers its residential and commercial customers traditional video cable programming; high-speed Internet access; advanced broadband cable services, such as high-definition television, OnDemand video programming and digital video recorder (DVR) service, and telephone service. Charter is a holding company whose principal asset is a controlling common equity interest in Charter Communications Holding Company, LLC (Charter Holdco). Charter Holdco is the sole owner of the Company’s subsidiaries. On March 27, 2009, the Company and certain affiliates (collectively, the Debtors) filed voluntary petitions in the United States Bankruptcy Court for the Southern District of New York (the Bankruptcy Court), to reorganize under Chapter 11 of the United States Bankruptcy Code (the Bankruptcy Code). On May 7, 2009, Charter filed a joint plan of reorganization (the Plan) and a related disclosure statement with the Bankruptcy Court. The Plan was confirmed by order of the Bankruptcy Court on November 17, 2009, and became effective on November 30, 2009 (the Effective Date), the date on which the Company emerged from protection under Chapter 11 of the Bankruptcy Code.
As of December 31, 2009, the Company served approximately 5.3 million customers. It served approximately 4.8 million video customers, of which approximately 67% were digital video customers. It also served approximately 3.1 million high-speed Internet customers and provided telephone service to approximately 1.6 million customers. The Company sells its cable video programming, high-speed Internet and telephone services primarily on a subscription basis, often in a bundle of two or more services. Approximately 57% of its customers subscribe to a bundle of services.
During the year ended December 31, 2009, video services represented approximately 51% of the Company’s total revenues. Its video service offerings include basic video, expanded basic video, digital video, premium channels, pay-per-view, OnDemand and subscription OnDemand, high-definition television and DVR. Under the basic video offering, all of the Company’s video customers receive a package of basic programming, which generally consists of local broadcast television, local community programming, including governmental and public access, and limited satellite-delivered or non-broadcast channels, such as weather, shopping and religious programming. Its basic channel line-up generally has between 9 and 35 channels. The expanded programming level includes a package of satellite-delivered or non-broadcast channels, and generally has between 20 and 60 channels in addition to the basic channel line-up.
The Company offers digital video services, including a digital set-top box, an interactive electronic programming guide with parental controls, an expanded menu of pay-per-view channels, including OnDemand (available nearly everywhere), digital quality music channels and the option to also receive a cable card. In addition to video programming, digital video service enables customers to receive the Company’s advanced broadband services, such as OnDemand, DVRs and high-definition television. Charter also offers its digital sports tier in combination with premium sports content on charter.net. Premium channels provide original programming, commercial-free movies, sports and other special event entertainment programming. It offers premium channels combined with its advanced broadband services. Pay-per-view channels allow customers to pay on a per event basis to view a single showing of a newly released movie, a one-time special sporting event, music concert or similar event on a commercial-free basis.
The Company’s OnDemand service allows customers to select from hundreds of movies and other programming at any time. These programming options may be accessed for a fee, or in some cases, for no additional charge. In some areas, the Company also offers subscription OnDemand for a monthly fee or included in a digital tier premium channel subscription. High-definition television offers the Company’s digital customers certain video programming at a higher resolution to improve picture quality versus standard basic or digital video images. DVR service enables customers to digitally record programming and to pause and rewind live programming.
High-speed Internet Services
During 2009, residential high-speed Internet services represented approximately 22% of the Company’s total revenues. It offers several tiers of high-speed Internet services with speeds ranging up to 60 megabytes per second download speed to its residential customers via cable modems attached to personal computers. It also offers home networking gateways to these customers, which permit customers to connect up to five computers in their home to the Internet simultaneously.
During 2009, telephone services represented approximately 10% of Charter’s total revenues. The Company provides voice communications services primarily using voice over Internet protocol (VoIP) technology to transmit digital voice signals over its systems. Charter Telephone includes unlimited nationwide and in-state calling, voicemail, call waiting, caller identification (ID), call forwarding and other features. Charter Telephone also provides international calling either by the minute or in a package of 250 minutes per month.
During 2009, commercial services represented approximately 7% of the Company’s total revenues. Commercial services, offered through Charter Business, include broadband communications solutions to business organizations, such as business-to-business Internet access, data networking, fiber connectivity to cellular towers, video and music entertainment services, and business telephone. As of December 31, 2009, it served approximately 224,300 business customers, including small and medium-sized commercial customers.
Sale of Advertising
During 2009, sales of advertising represented approximately 4% of Charter’s total revenues. The Company receives revenues from the sale of local advertising on satellite-delivered networks, such as MTV, CNN and ESPN. In any particular market, the Company generally inserts local advertising on up to 40 channels. It also provides cross-channel advertising to some programmers.
The Company competes with AT&T Inc. and Verizon Communications, Inc.
Founded as a publishing company based out of The Hippodrome Center building, 1120 Avenue of the Americas (Sixth Avenue), in New York City
Offers a full range of advanced communication services, such as video, high-speed internet, and telephone
ADCAST NORTH CAROLINA CABLE ADVERTISING LLC
US SIC Code
12405, Powerscourt Drive
City province or state postal code
63131, ST. LOUIS, MO
Phone: +1 314 965 0555
Fax: +1 314 965 9745
Country address: UNITED STATES OF AMERICA
Website url: www.charter.com