Charter adds 29,000 residential video customers in 4Q 2015

Thursday, February 4th, 2016 
Charter logo

STAMFORD, Conn. — Charter Communications, Inc. (along with its subsidiaries, the “Company” or “Charter”) today reported financial and operating results for the three and twelve months ended December 31, 2015.

Residential video customers increased by 29,000 in the fourth quarter of 2015, versus a loss of 3,000 in the year-ago period. For the past four years, Charter has significantly increased the competitiveness of its video product, by including more HD channels and video on demand offerings, attractive packaging of advanced services, improved selling methods, and enhanced service quality. Today, virtually all of Charter’s passings are fully digitized, with access to more HD channels than satellite TV offers, and as of December 31, 2015, over 96% of Charter’s residential video customers subscribed to the Company’s expanded basic video service.

Video (thousands) [Under New Methodology]

                            1Q     2Q     3Q     4Q     FY
                         -----  -----  -----  -----  -----
Customers                4,404  4,350  4,327  4,324
Net Additions/(Losses)     (2)   (54)   (23)    (3)   (82)

                            1Q     2Q     3Q     4Q     FY
                         -----  -----  -----  -----  -----
Customers                4,311  4,282  4,293  4,322
Net Additions/(Losses)    (13)   (29)     11     29    (2)

In May 2015, Charter entered into a merger agreement with Time Warner Cable and CCH I, LLC (“New Charter”), pursuant to which the parties to the agreement will engage in a series of transactions that will result in Charter and Time Warner Cable becoming wholly owned subsidiaries of New Charter (the “TWC Transaction”). After giving effect to the TWC Transaction, New Charter will be the new public company parent that will hold the operations of the combined companies.

In May 2015, in connection with the execution of the merger agreement with Time Warner Cable, Charter’s contribution agreement with Advance/Newhouse Partnership was amended pursuant to which Charter would become the owner of the membership interests in Bright House and any other assets primarily related to Bright House.