SAN DIEGO, Oct. 10, 2025 (GLOBE NEWSWIRE) -- The law firm of Robbins Geller Rudman & Dowd LLP announces that purchasers or acquirers of Charter Communications, Inc. (NASDAQ: CHTR) securities, including purchasers of call options or sellers of put options between July 26, 2024 and July 24, 2025, both dates inclusive (the “Class Period”), have until this Tuesday, October 14, 2025 to seek appointment as lead plaintiff of the Charter Communications class action lawsuit. Captioned Sandoval v. Charter Communicati ...

Oakmark Funds, advised by Harris Associates, released its “Oakmark Equity and Income Fund” Q3 2025 investor letter. A copy of the letter can be downloaded here. In the quarter, the Fund (Class I Shares) underperformed the 60% S&P 500 / 40% Bloomberg U.S. Aggregate Bond Index and outperformed the benchmark since inception. The equity portfolio returned 3.64% in the third quarter compared to 8.12% for the S&P 500 Index. The fixed income portfolio returned 2.40% compared to 2.03% for the Bloomberg U.S. Aggreg ...

Core Viewpoint - A corrected notice has been issued regarding the deadline for investors to seek appointment as Lead Plaintiff in a class action lawsuit against Charter Communications, with the new deadline set for October 14, 2025 [1][3]. Group 1: Class Action Details - The class action, titled Sandoval v. Communications, Inc., is filed on behalf of individuals who purchased or acquired Charter common stock or traded relevant options between July 26, 2024, and July 24, 2025 [2]. - The lawsuit alleges violations of Sections 10(b) and 20(a) of the Securities Exchange Act and SEC Rule 10b-5, claiming that the defendants failed to disclose material adverse facts about the company's operations and outlook [2]. Group 2: Allegations Against Charter - The complaint asserts that the defendants made misleading statements regarding the impact of the FCC's Affordable Connectivity Program (ACP) ending, which affected internet customer declines and revenue [5]. - It is claimed that Charter's management did not adequately address the consequences of the ACP ending, leading to greater risks to business plans and earnings growth than reported [5]. Group 3: Financial Performance and Market Reaction - Charter reported an EBITDA of $5.7 billion for Q2 2025, reflecting a 0.5% year-over-year growth, but this was largely due to a one-time benefit of $45 million, which, if excluded, would have resulted in a 2.4% miss against consensus estimates and a 0.3% decline year-over-year [6]. - The company experienced a loss of 117,000 internet customers in Q2 2025, nearly double the loss of 66,000 in the previous quarter and an increase from a loss of 99,000 customers in Q2 2024 [7]. - Following the financial results announcement, Charter's stock price fell by $70.25 per share, or 18.4%, closing at $309.75 on July 25, 2025 [7].

Charter Communications, Inc. (NASDAQ:CHTR) is a leading American broadband and cable operator serving both residential and commercial clients, offering subscription-based internet, video, mobile, and voice services. It is one of the S&P 500 stocks with a low PE ratio. Charter Communications (CHTR) PT Slashed to $350 by Bernstein SocGen EvgeniiAnd/Shutterstock.com On September 10, Bernstein SocGen reaffirmed an Outperform rating on CHTR but trimmed the price target to $350 from $380. As per the research ...

Core Viewpoint - The article discusses a class action lawsuit against Charter Communications, alleging violations of the Securities Exchange Act of 1934 due to misleading statements and failure to disclose significant impacts on the company's performance related to the end of the Federal Communications Commission's Affordable Connectivity Program [1][4]. Group 1: Lawsuit Details - The class action lawsuit is titled Sandoval v. Charter Communications, Inc., and it involves purchasers or acquirers of Charter Communications securities from July 26, 2024, to July 24, 2025 [1]. - Investors have until October 14, 2025, to seek appointment as lead plaintiff in the lawsuit [2][6]. - The lawsuit alleges that Charter Communications and its executives made false statements regarding the company's ability to manage the impact of the Affordable Connectivity Program's end, which affected customer retention and revenue [4]. Group 2: Financial Impact - On July 25, 2025, Charter Communications reported second quarter 2025 financial results, showing EBITDA of $5.7 billion, indicating a growth of 0.5% [5]. - The company experienced a decline of 117,000 Internet customers, with approximately 50,000 disconnects attributed to the end of the Affordable Connectivity Program [5]. - Following the financial results announcement, Charter Communications' stock price fell by more than 18% [5]. Group 3: Company Background - Charter Communications operates as a broadband connectivity and cable operator, serving both residential and commercial customers [3]. - Robbins Geller Rudman & Dowd LLP, the law firm representing the investors, is recognized for its significant recoveries in securities fraud cases, having recovered over $2.5 billion for investors in 2024 alone [7].

Core Viewpoint - A lawsuit has been filed against Charter Communications, Inc. and certain senior executives for potential violations of federal securities laws, particularly related to the impact of the Affordable Connectivity Program's termination on the company's customer base and earnings [1][2]. Group 1: Lawsuit Details - The lawsuit is pending in the U.S. District Court for the Southern District of New York, captioned Sandoval v. Charter Communications, Inc., No. 1:25-cv-06747, with claims under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 [2]. - Investors have until October 14, 2025, to request to be appointed to lead the case [2]. Group 2: Company Background - Charter Communications is a leading broadband and cable operator that participated in the FCC's Affordable Connectivity Program (ACP), which provided funding to subsidize high-speed internet plans for low-income households [3]. - The ACP ended in June 2024 due to a lack of federal funding, leading to customer declines for Charter [3]. Group 3: Financial Impact - During the relevant period, Charter claimed to have successfully managed the risks associated with the end of the ACP, stating that the impact was behind them [4]. - However, the company continued to experience declines in internet customers and revenue, contradicting its earlier statements [4]. Group 4: Stock Performance - Following the announcement of its second quarter 2025 financial results on July 25, 2025, Charter reported a decrease of 117,000 total internet customers, including approximately 50,000 disconnects related to the end of the ACP, nearly double from the previous quarter [5]. - The stock price fell by $70.25 per share, or 18.4%, from $380.00 on July 24, 2025, to $309.75 on July 25, 2025, reflecting the negative market reaction to the news [5].

Core Viewpoint - A lawsuit has been filed against Charter Communications, Inc. and certain senior executives for potential violations of federal securities laws, particularly related to the impact of the Affordable Connectivity Program's termination on the company's customer base and revenue [1][2][3]. Group 1: Lawsuit Details - The lawsuit is pending in the U.S. District Court for the Southern District of New York, captioned Sandoval v. Charter Communications, Inc., No. 1:25-cv-06747, and claims are made under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 [2]. - Investors have until October 14, 2025, to request to be appointed to lead the case [2]. Group 2: Company Background - Charter Communications is a leading broadband and cable operator that participated in the FCC's Affordable Connectivity Program (ACP), which provided funding to subsidize high-speed internet plans for low-income households [3]. - The ACP ended in June 2024 due to a lack of federal funding, leading to customer declines for Charter [3]. Group 3: Financial Impact - During the relevant period, Charter claimed to have successfully managed the risks associated with the end of the ACP, stating that the impact was behind them [4]. - However, the company continued to experience declines in internet customers and revenue, contradicting its earlier statements [4]. - In the second quarter of 2025, Charter reported a decrease of 117,000 total internet customers, with approximately 50,000 disconnects attributed to the end of the ACP, nearly double the disconnects from the previous quarter [5]. - Following this announcement, Charter's stock price fell by $70.25 per share, or 18.4%, from $380.00 on July 24, 2025, to $309.75 on July 25, 2025 [5].

Core Viewpoint - A lawsuit has been filed against Charter Communications, Inc. and certain senior executives for potential violations of federal securities laws, particularly related to the impact of the Affordable Connectivity Program's termination on the company's customer base and earnings [1][2][3]. Group 1: Lawsuit Details - The lawsuit is pending in the U.S. District Court for the Southern District of New York, captioned Sandoval v. Charter Communications, Inc., No. 1:25-cv-06747, with claims under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 [2]. - Investors have until October 14, 2025, to request to be appointed to lead the case [2]. Group 2: Company Background - Charter is a leading broadband and cable operator that participated in the FCC's Affordable Connectivity Program (ACP), which provided funding to subsidize high-speed internet plans for low-income households [3]. - The ACP ended in June 2024 due to a lack of federal funding, leading to customer declines for Charter [3]. Group 3: Financial Impact - During the relevant period, Charter claimed to have successfully managed the risks associated with the end of the ACP, stating that the impact was behind them [4]. - However, the company continued to experience declines in internet customers and revenue, contradicting its public statements [4]. - In Q2 2025, Charter reported a decrease of 117,000 total internet customers, with approximately 50,000 disconnects attributed to the end of the ACP, nearly double the disconnects from the previous quarter [5]. - Following this announcement, Charter's stock price fell by $70.25 per share, or 18.4%, from $380.00 on July 24, 2025, to $309.75 on July 25, 2025 [5].

Group 1 - Charter Communications, Inc. (NASDAQ:CHTR) has launched its Internet, Mobile, TV, and Voice services to over 5,100 homes and businesses in Scott County, Kentucky [1] - This expansion is part of Spectrum's multi-year rural construction initiative, which is backed by over $7 billion in private investment, aiming to add over 100,000 miles of fiber infrastructure nationwide [2] - The Scott County project represents Spectrum's first county-wide broadband expansion in the Midwest, involving a $15.3 million investment, with $3 million funded through a National Telecommunications and Information Administration award [3] Group 2 - Charter Communications, Inc. operates under the Spectrum brand and is a leading broadband connectivity company and cable operator in the US, serving more than 57 million homes and businesses across 41 states [3]

Core Insights - Spectrum has implemented a Customer Commitment initiative aimed at enhancing customer experience through reliable service, money-back guarantees, and continuous improvement [2][3] Service Improvements - Over the past year, Spectrum has made significant advancements in customer service, including faster service and installation appointments, improved pricing transparency, and enhanced product offerings [3][8] - Spectrum technicians are now responding to residential installation and repair calls within two hours, with a commitment to same-day repairs if contacted before 5 p.m. [3][8] - The company has activated its Community Response system during significant weather events to provide free connectivity to affected communities [4] Pricing and Value - Spectrum launched price guarantees of up to three years, leading to an increase in new customers opting for Spectrum Gig service, which has nearly doubled [5][6] - Customers can save hundreds to over $1,000 annually by bundling Spectrum Internet and Spectrum Mobile services [6] Customer Satisfaction - The improvements in service and pricing transparency have resulted in a 16% decrease in customer billing calls year-over-year, indicating higher customer satisfaction [6][8] - Spectrum's 100% U.S.-based customer service agents are available 24/7, supported by significant investments in technology and workforce [7][10] Network Expansion - Spectrum is expanding its Fiber Broadband Network with over $7 billion in private investment, aiming to add more than 100,000 miles of fiber infrastructure and deliver multi-gigabit speeds to over 1.7 million new locations by 2027 [9][10] - The company is recognized as the largest and fastest-growing rural broadband service provider in the U.S. [9] Product Enhancements - Spectrum has introduced a Repair and Replacement Premium for Spectrum Mobile customers, offering comprehensive device protection [14]