Charter (Communications) to New York: We Ain't Going Anywhere

By Alan Breznick

Forget about Charter selling off all its cable systems in New York State and leaving the state meekly with its tail between its legs.

In the company's second-quarter earnings call Tuesday morning, Charter Communications Inc. Chairman & CEO Tom Rutledge made it clear that Charter has no intention of obeying the state Public Service's Commission order to exit the state because of its allegedly repeated failures to meet its cable buildout and broadband speed commitments. Instead, Rutledge said Charter will try to resolve the conflict with state regulators and, if necessary, will fight the PSC's actions in court.

"Hopefully we can work it out," Rutledge said in response to an analyst's question on the call, noting that it will likely take some time. "But, if necessary, we'll litigate. We believe we're in the right." 

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Source: Light Reading (via Empire Report New York)