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Charter Communications history
Charter Communications company history timeline
Through continued mergers and acquisition, Charter was consolidated in 1993 by Barry Babcock, Jerald Kent and Howard Wood, who had been former executives at Cencom Cable Television in St Louis, Missouri. It was also incorporated in the state of Missouri in 1993.
In June 1994 Hallmark Cards sold its Crown Media cable subsidiary to Charter and Marcus Cable for $900 million.
In 1995, Charter paid about $300 million for a controlling interest in Crown Media and acquired Cable South.
In March 1996 Charter acquired WIBV(AM) serving the St Louis area for between $1 million and $1.5 million.
The Charter Pipeline service, as it was called, began in 1997 in Southern California.
In 1997, Charter and EarthLink joined forces to deliver high-speed Internet access through cable modems to Charter’s customers in California.
By the end of 1998 Jeffrey Marcus had left Charter to join Chancellor Media, and Babcock was named chairman.
Charter Communications was founded on July 22, 1999 and is headquartered in Stamford, CT.“
Once those deals were completed in November 1999, Charter would have to invest heavily in upgrading their systems.
In November 1999, the company went public, trading on the NASDAQ stock exchange.
Charter completed more than 10 major acquisitions in 1999 when it:
In 2000, Charter Communications bought select AT&T cable markets, including Reno, Nevada, and the City of St Louis.
In 2008, Charter stock failed to meet NASDAQ standards and was given warning to comply by October 13 or request an extension.
Also in 2008, it acquired the cable-television franchise and service for the Cerritos and Ventura, California, areas from Wave Broadband.
Charter filed for a prearranged bankruptcy on March 28, 2009.
Microsoft co-founder Paul Allen buys a controlling interest in Charter, which he kept until 2009
In June 2010, Charter 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.
On September 14, 2010, Charter Class A common stock was re-listed on NASDAQ under the symbol "CHTR".
In 2010, Paul Allen stepped down as chairman and from board of directors’ seat, but remains the largest single shareholder.
In 2011, Microsoft co-founder Paul Allen stepped down as chairman and from the board of directors' seat, but at the time remained the largest single shareholder.
Thomas M. Rutledge was appointed as a director and president and chief executive officer effective February 13, 2012.
On February 8, 2013, Charter announced an agreement to acquire some former Bresnan Communications systems from Cablevision in a transaction worth US$1.63 billion.
in December 2013, a complaint was filed by Steelhead Licensing LLC for Patent Infringement of US Patent 8082318.
On February 13, 2014, Time Warner Cable accepted an offer of $158.82 per share from Comcast, avoiding a hostile takeover situation from Charter.
On May 26, 2015, Charter and Time Warner Cable announced that they had entered into a definitive agreement for Charter to merge with Time Warner Cable in a deal valued at $78.7 billion.
On May 18, 2016, Charter Communications, Inc. acquired Time Warner Cable (TWC) and its sister company Bright House Networks, making it the third-largest pay television service in the United States
The merger was completed on May 18, 2016.
On March 12, 2018, it was reported that Softbank had purchased 5% of Charter's stock on the open market.
On July 27, 2018, the NYPSC voted to retroactively reverse its approval of Charter's acquisition of TWC, thus revoking its franchises in the state of New York.
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Charter Communications competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| CenturyLink | 1930 | $13.1B | 42,500 | 79 |
| Charter Corp. | 1965 | $2.2B | 12,313 | - |
| Comcast | 1963 | $123.7B | 190,000 | 1,697 |
| DISH Network | 1980 | $14.3B | 16,000 | - |
| Windstream | 2006 | $5.1B | 11,080 | 161 |
| AT&T | 1983 | $122.3B | 230,000 | 3,018 |
| Frontier Communications | 1935 | $5.9B | 16,200 | 90 |
| Verizon Services Corp. | 1983 | $130.9B | 1 | 492 |
| Cox Communications | 1962 | $11.0B | 20,000 | 630 |
Charter Communications history FAQs
Zippia gives an in-depth look into the details of Charter Communications, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Charter Communications. The employee data is based on information from people who have self-reported their past or current employments at Charter Communications. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by Charter Communications. The data presented on this page does not represent the view of Charter Communications and its employees or that of Zippia.
Charter Communications may also be known as or be related to Charter Communications Holding Company LLC, Charter Communications, Inc., Charter Communications Inc and Charter Communications.