Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Nasdaq  >  Charter Communications Inc    CHTR

CHARTER COMMUNICATIONS INC (CHTR)
My previous session
Most popular
  Report  
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsofficial PublicationsSector newsTweets

Charter Communications : Deal Is A Win

share with twitter share with LinkedIn share with facebook
share via e-mail
0
10/05/2017 | 02:05pm CEST

Oct. 05--Tuesday's announcement that cable television giant Charter Communications will build a 15-story headquarters building in Stamford is good news for the whole state.

The company plans to add 1,100 new jobs and spend $100 million in Connecticut over the next few years, according to Gov. Dannel P. Malloy's office.

Just what the doctor ordered. New jobs and new residents are badly needed.

But the deal does come at a small cost: The state Department of Economic and Community Development is giving Charter a 10-year, $10 million low-interest loan to sweeten the deal. If the company creates and maintains a certain number of jobs, the loan could be forgiven -- a standard deal that comes back to Connecticut in economic activity, tax revenue and more.

Charter also got up to $10 million in tax credits, and more money is hanging from DECD's branches "if the company exceeds job targets," according to a release.

The deal will be a real success story if it can help bring more businesses like Charter to the state. Back in 2011, Gov. Malloy's initial "First Five" program gave a $20 million loan to NBC Sports Group to move to Stamford, and the network built a $100 million headquarters there that opened in 2013. If Charter's move is riding that momentum, then the investment is paying off.

But the cable TV industry is a volatile place. "Cord-cutting" customers are ditching cable in growing numbers and streaming content instead. Charter is fighting this battle with the rest of the major cable companies, and while it's losing TV customers, it's gaining internet subscribers.

The next decade will be a wild ride for the industry, but we hope Charter and other companies find Connecticut a good place to fight their battles.

___

(c)2017 The Hartford Courant (Hartford, Conn.)

Visit The Hartford Courant (Hartford, Conn.) at www.courant.com

Distributed by Tribune Content Agency, LLC.

© Tribune Content Agency, source Regional News

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on CHARTER COMMUNICATIONS INC
08/20CHARTER COMMUNICATIONS : Spectrum Networks Names Cater Lee Vice President, News ..
PU
08/15CHARTER COMMUNICATIONS, INC. /MO/ : Other Events, Financial Statements and Exhib..
AQ
08/12GLITCH IN THE CABLE SYSTEM : Charter's cautionary tale
AQ
08/11CHARTER COMMUNICATIONS : Seniors targeted for low-cost internet
AQ
08/11CHARTER COMMUNICATIONS : offering upgraded internet service through Spectrum
AQ
08/10CHARTER COMMUNICATIONS : Spectrum’s Decision Is ‘Brazenly Disrespect..
AQ
08/08SPECTRUM SPORTSNET LA TO PRESENT 'DO : 1988,' a Three-Part Series Commemorating ..
AQ
08/07SPECTRUM SPORTSNET LA TO PRESENT &LS : 1988,’ a Three-Part Series Commemor..
PU
08/07CHARTER COMMUNICATIONS : New York state revokes approval of Charter-Time Warner ..
AQ
08/07LOS ANGELES CHARGERS AND SPECTRUM SP : Chargers' Bi-Weekly Series
AQ
More news
News from SeekingAlpha
08/20Berkshire Hathaway Significant Quarterly Changes 
08/19Tracking Lou Simpson's SQ Advisors Portfolio - Q2 2018 Update 
08/16Charter closes on $500M in floating-rate notes 
08/156 Quirky Corners Of The Market - From Land To Sports 
08/15Turkey Fires Back With Tariffs (Wall Street Breakfast Podcast) 
Financials ($)
Sales 2018 43 622 M
EBIT 2018 5 139 M
Net income 2018 1 044 M
Debt 2018 71 515 M
Yield 2018 -
P/E ratio 2018 69,64
P/E ratio 2019 42,27
EV / Sales 2018 3,23x
EV / Sales 2019 3,13x
Capitalization 69 476 M
Chart CHARTER COMMUNICATIONS INC
Duration : Period :
Charter Communications Inc Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends CHARTER COMMUNICATIONS INC
Short TermMid-TermLong Term
TrendsBullishBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 29
Average target price 375 $
Spread / Average Target 25%
EPS Revisions
Managers
NameTitle
Thomas M. Rutledge Chairman & Chief Executive Officer
John Bickham President & Chief Operating Officer
Christopher L. Winfrey Chief Financial Officer
James A. Blackley EVP-Engineering & Information Technology
W. Lance Conn Independent Director
Sector and Competitors
1st jan.Capitalization (M$)
CHARTER COMMUNICATIONS INC-12.19%69 476
LIBERTY GLOBAL PLC-25.95%20 803
DISH NETWORK CORPORATION-26.43%16 424
LIBERTY BROADBAND CORP-7.41%14 317
CABLE ONE INC12.04%4 513
MEGACABLE HOLDINGS SAB DE CV6.17%3 868