Tom Rutledge tv video film broadway Tom Rutledge

Charter Q2 Earnings Show Surprise Bump In Video Subs; CEO Tom Rutledge To Extend Contract

Reading now: 366
deadline.com

Jill Goldsmith Co-Business EditorCharter Communications – the nation’s second largest cable company with about 30 million subscribers – topped Wall Street estimates with a quarterly earnings report that saw strong growth in Internet and wireless and surprising resiliency in video.CEO Tom Rutledge told analysts on a conference call that he will be extending his contract, which expires in April, 2021.“I intend to continue to be here and the board would like me to stay,” Rutledge said in response to a question.

It hasn’t been announced and he didn’t give details.The shares were up a hefty 3.3%.As expected, the company ended the June quarter with more Internet subscribers, 26.3 million — up 8.5% with 842,000 net new additions.

Read more on deadline.com
The website starsalert.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.

Related News

DMCA