Core Insights - The media and telecommunications giant reported a net loss of 104,000 domestic internet customers in the third quarter, with losses of 91,000 in the residential segment and 13,000 in the business segment [1] Summary by Category Customer Losses - The company experienced a significant decline in its domestic internet customer base, losing a total of 104,000 customers in the third quarter [1] - The residential segment accounted for the majority of the losses, with 91,000 customers lost, while the business segment saw a loss of 13,000 customers [1]

Core Insights - Spectrum, also known as Charter Communications, is experiencing a significant decline in customer numbers due to the ongoing cord-cutting trend, which began in 2010 as consumers shift from cable services to more affordable streaming platforms [1][2] Customer Trends - A Pew Research Center survey indicates that 83% of Americans now use streaming platforms, while only 36% subscribe to cable or satellite TV services [2] - In the second quarter of this year, Spectrum lost 80,000 cable TV customers, resulting in approximately 12.6 million cable customers, a decrease of about 5% compared to the same period last year [2] - The company also lost around 117,000 internet customers in the same quarter, which is nearly 6% higher than the losses experienced during the same period last year [3] Market Competition - A survey from Cord Cutters News shows that only 40.2% of consumers use cable TV companies for internet service, down from 45% in late 2024, while reliance on 5G home internet has increased to roughly 11%, up from 8.4% a year ago [4] Operational Adjustments - In response to declining customer numbers, Spectrum is reportedly planning to lay off 1,200 employees, which represents about 1% of its workforce of approximately 95,000 [5][6] - The layoffs will primarily affect corporate and back-office employees, with sales and service staff remaining unaffected [6] Company Strategy - Despite the layoffs, Spectrum's CEO Chris Winfrey emphasized the company's commitment to employee retention and investment in workforce development, focusing on good-paying jobs, career paths, training, and enhanced retirement benefits [7]

Core Viewpoint - A securities class action lawsuit has been filed against Charter Communications, Inc. for allegedly making materially false and misleading statements regarding its business operations and the impact of the Affordable Connectivity Program cancellation on its performance [1][2]. Summary by Sections Allegations of Misconduct - The lawsuit claims that Charter's management failed to disclose significant adverse facts about the company's operations, including the negative impact of the Affordable Connectivity Program (ACP) cancellation on internet customer declines and revenue [2]. - It is alleged that Charter did not effectively manage the consequences of the ACP ending, leading to greater risks to its business plans and earnings growth than previously reported [2]. - The complaint asserts that Charter's positive statements regarding its operational success and EBITDA growth lacked a reasonable basis and were materially misleading [2]. Lead Plaintiff Process - Investors in Charter have until October 14, 2025, to apply to be appointed as lead plaintiff, representing the class in the litigation [3]. - The lead plaintiff is typically the investor or group of investors with the largest financial interest in the case and is responsible for directing the litigation [3]. Firm Background - Kessler Topaz Meltzer & Check, LLP is known for prosecuting class actions and has a reputation for recovering billions for victims of corporate misconduct [4].

Core Viewpoint - The Gross Law Firm has initiated a class action lawsuit on behalf of shareholders of Charter Communications, Inc. (NASDAQ: CHTR) due to alleged misleading statements and omissions regarding the company's performance and the impact of the Affordable Connectivity Program (ACP) ending [1][2]. Group 1: Allegations - The lawsuit claims that Charter failed to disclose the significant impact of the ACP end, which affected Internet customer declines and revenue [2]. - It is alleged that the company did not execute broader operations effectively to mitigate the impact of the ACP ending, leading to greater risks on business plans and earnings growth than reported [2]. - The complaint states that Charter had no reasonable basis for its positive statements about business operations and long-term growth during the class period [2]. Group 2: Class Action Details - The class period for the lawsuit is from July 26, 2024, to July 24, 2025, and shareholders who purchased shares during this time are encouraged to register [1][3]. - The deadline for shareholders to seek lead plaintiff status is October 14, 2025, and there is no cost or obligation to participate in the case [3]. Group 3: Law Firm's Mission - The Gross Law Firm aims to protect the rights of investors who have suffered due to deceit and illegal business practices, seeking recovery for losses caused by misleading statements or omissions by companies [4].

Core Points - Rosen Law Firm is reminding investors who purchased Charter Communications securities between July 26, 2024, and July 24, 2025, of the lead plaintiff deadline on October 14, 2025 [1] - Investors may be entitled to compensation through a contingency fee arrangement without any out-of-pocket costs [2] Class Action Details - A class action lawsuit has been filed against Charter Communications, alleging that the company made false or misleading statements regarding the impact of the FCC's Affordable Connectivity Program ending, which affected internet customer declines and revenue [5] - The lawsuit claims that Charter Communications failed to manage the impact of the ACP ending and misled investors about its operational execution and business outlook during the Class Period [5] Legal Representation - Investors are encouraged to select qualified legal counsel with a proven track record in securities class actions, as many firms may not have the necessary experience or resources [4] - The Rosen Law Firm has a history of successful settlements in securities class actions, including recovering over $438 million for investors in 2019 [4]

Core Points - Rosen Law Firm is reminding investors who purchased Charter Communications securities between July 26, 2024, and July 24, 2025, of the lead plaintiff deadline on October 14, 2025 [1] - Investors may be entitled to compensation without out-of-pocket fees through a contingency fee arrangement [2] Class Action Details - A class action lawsuit has been filed against Charter Communications, alleging that the company made false or misleading statements regarding the impact of the FCC's Affordable Connectivity Program ending, which affected internet customer declines and revenue [5] - The lawsuit claims that Charter Communications failed to manage the impact of the ACP ending and misled investors about its operational execution and business outlook [5] Legal Representation - Investors are encouraged to select qualified legal counsel with a successful track record in securities class actions, as many firms may not have the necessary experience [4] - The Rosen Law Firm has a history of significant recoveries for investors, including over $438 million in 2019 alone [4]

Core Viewpoint - Faruqi & Faruqi, LLP is investigating potential claims against Charter Communications, Inc. due to allegations of misleading statements and failure to disclose material events affecting the company's performance, particularly related to customer declines and revenue impacts from the end of the Affordable Connectivity Program [4][6]. Group 1: Legal Investigation - The firm is reminding investors of the October 13, 2025 deadline to seek the role of lead plaintiff in a federal securities class action against Charter [4]. - Investors who suffered losses in Charter between July 26, 2024, and July 24, 2025, are encouraged to contact the firm to discuss their legal rights [1][4]. Group 2: Allegations Against Charter - The complaint alleges that Charter and its executives violated federal securities laws by making false or misleading statements regarding the impact of the Affordable Connectivity Program's end, which was not managed effectively [6]. - Specific allegations include that the decline in internet customers and revenue was not adequately addressed by the company's operational strategies, leading to greater risks than reported [6]. Group 3: Financial Impact - Charter reported a decline of 117,000 total internet customers in Q2 2025, compared to a decline of about 100,000 in Q2 2024, adjusted for the Affordable Connectivity Program's end [7]. - Following the release of these financial results, Charter's stock price fell by $70.25 per share, or 18.5%, closing at $309.75 per share on July 25, 2025 [7].

Core Viewpoint - Faruqi & Faruqi, LLP is investigating potential claims against Charter Communications, Inc. due to allegations of violations of federal securities laws related to misleading statements and undisclosed impacts on the company's performance [4][6]. Group 1: Legal Investigation and Class Action - The firm is reminding investors of the October 13, 2025 deadline to seek the role of lead plaintiff in a federal securities class action against Charter [4]. - Investors who suffered losses in Charter between July 26, 2024, and July 24, 2025, are encouraged to contact the firm to discuss their legal rights [1][4]. Group 2: Allegations Against Charter - The complaint alleges that Charter and its executives made false and misleading statements regarding the impact of the end of the Affordable Connectivity Program (ACP) on internet customer declines and revenue [6]. - It is claimed that Charter failed to manage the consequences of the ACP ending, leading to a decline of 117,000 internet customers in Q2 2025, compared to a decline of about 100,000 in Q2 2024 [7]. Group 3: Financial Impact - Following the release of its Q2 2025 financial results, Charter's stock price fell by $70.25 per share, or 18.5%, closing at $309.75 per share on July 25, 2025 [7].

Core Viewpoint - A securities class action lawsuit has been filed against Charter Communications, Inc. for allegedly making materially false and misleading statements regarding its business operations and the impact of the Affordable Connectivity Program cancellation on its performance [1][2]. Summary by Sections Allegations Against Defendants - The complaint claims that during the Class Period, Charter's management failed to disclose significant adverse facts about the company's operations, including the negative impact of the Affordable Connectivity Program's cancellation on Internet customer declines and revenue [2]. - It is alleged that Charter was not effectively managing the consequences of the ACP ending, leading to greater risks to business plans and earnings growth than previously reported [2]. - The lawsuit asserts that Charter's positive statements regarding its operational success and long-term growth trajectory were materially misleading and lacked a reasonable basis [2]. Lead Plaintiff Process - Investors in Charter can seek to be appointed as lead plaintiffs by October 14, 2025, or choose to remain absent class members [3]. - The lead plaintiff will represent the interests of all class members and select legal counsel to direct the litigation [3]. Firm Background - Kessler Topaz Meltzer & Check, LLP is known for prosecuting class actions and has a reputation for recovering significant amounts for victims of corporate misconduct [4].

Core Viewpoint - A class action lawsuit has been filed against Charter Communications, Inc. for allegedly making false or misleading statements regarding the impact of the Federal Communications Commission's Affordable Connectivity Program (ACP) ending, which affected the company's Internet customer base and revenue [7]. Allegation Details - The lawsuit claims that Charter failed to disclose the material impact of the ACP's end, which led to a decline in Internet customers and revenue. It also alleges that the company did not manage or adapt its operations effectively to mitigate these impacts [7]. - Specific allegations include that Charter's Internet customer declines and execution failures posed greater risks to business plans and earnings growth than reported, and that the company had no reasonable basis for its optimistic statements regarding operational success and EBITDA growth [7]. Financial Impact - On July 25, 2025, Charter reported second quarter 2025 financial results, showing EBITDA of $5.7 billion, reflecting a 0.5% growth, alongside a loss of 117,000 Internet customers, which included approximately 50,000 disconnects due to the ACP's end [7]. - Following the announcement of these results, Charter's stock price fell by more than 18% [7].