STAMFORD, Conn., July 30, 2019 /PRNewswire/ -- Charter
Communications, Inc. (NASDAQ: CHTR) (along with its
subsidiaries, "Charter") today announced that Advance/Newhouse
("A/N") has notified Charter that A/N intends to establish a credit
facility collateralized by a portion of A/N's Common Units in
Charter Communications Holdings, LLC. A/N has also indicated to
Charter that A/N remains committed to being a long-term shareholder
of Charter and currently has no intent to sell any units/shares
other than through its continued pro-rata participation in
Charter's buyback program.
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About Charter
Charter Communications, Inc.
(NASDAQ:CHTR) is a leading broadband communications company and the
second largest cable operator in the
United States. Charter provides a full range of advanced
residential broadband services, including Spectrum TV® programming,
Spectrum Internet®, Spectrum Voice®, and Spectrum Mobile™. Under
the Spectrum Business® brand, Charter provides scalable, and
cost-effective broadband communications solutions to small and
medium-sized business organizations, including Internet access,
business telephone, and TV services. Through the Spectrum
Enterprise brand, Charter is a national provider of scalable,
fiber-based technology solutions serving many of America's largest
businesses and communications service providers. Charter's
advertising sales and production services are sold under the
Spectrum Reach® brand. Charter's news and sports networks are
operated under the Spectrum Networks brand. More information about
Charter can be found at newsroom.charter.com.
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING
STATEMENTS
This communication includes forward-looking statements within
the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of
1934, as amended, regarding, among other things, our plans,
strategies and prospects, both business and financial.
Although we believe that our plans, intentions and expectations as
reflected in or suggested by these forward-looking statements are
reasonable, we cannot assure you that we will achieve or realize
these plans, intentions or expectations. Forward-looking
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assumptions including, without limitation, the factors described
under "Risk Factors" from time to time in our filings with the
SEC. Many of the forward-looking statements contained in this
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such as "believe," "expect," "anticipate," "should," "planned,"
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"opportunity," "tentative," "positioning," "designed," "create,"
"predict," "project," "initiatives," "seek," "would," "could,"
"continue," "ongoing," "upside," "increases" and "potential," among
others.
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acting on our behalf are expressly qualified in their entirety by
this cautionary statement. We are under no duty or obligation
to update any of the forward-looking statements after the date of
this communication.
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SOURCE Charter Communications, Inc.