31 Jul '18, 3pm

Uh, yo…

Charter Communications chair and CEO Tom Rutledge said the MSO is prepared to go to court with the New York State Public Service Commission over the agency’s recent decision to rescind its approval of the cable company’s 2016 merger with Time Warner Cable, adding that the battle could last a while. The PSC announced on July 27 that it was rescinding its approval of the TWC deal, and gave Charter 60 days to come up with a plan to divest of its New York cable systems, which have about 2 million customers. The state said Charter has repeatedly failed to comply with approval conditions to extend its broadband network to unserved and underserved homes throughout New York. Charter has maintained that it is in compliance, and Rutledge held his ground in a conference call with analysts to discuss Q2 results. Investors appeared pleased, driving Charter stock up more than 5% ($15.01...

Full article: https://www.multichannel.com/news/rutledge-were-in-the-ri...

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