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Charter's Pay TV Future Is as a "Video Store," CEO Says

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Cable operator Charter Communications, in which John Malone's Liberty Broadband owns a big stake, sees its pay TV future in the role of a "video store," chairman and CEO Tom Rutledge said during a virtual investor conference Wednesday.

Speaking during a session at theGoldman Sachs Communacopia Conference, which was webcast, he noted that Charter posted a video subscriber gain in the second quarter, a rarity for the sector. "We have grown video, and our performance in video continues to be good," Rutledge said. "We are up for the year.

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