QM Events
January 16, 2020 ARCHIVES
Tom Rutledge, celebrated cable executive for his financial and management acumen, will answer questions about his role and the operations of Charter Communications, where he has been head since 2011. As was the case with its other cable peers, video subscription losses (versus Internet customers) have become a reality as the accompaniment to streaming services direct to the consumer (such as Apple, Netflix and Hulu.)
Rutledge will discuss the strategy of the company and how the strategy can be translated into operational decisions. Some of the specific areas for discussion will be the entertainment technological innovations in video, the “over-the-top” revenue shifts and extreme competitive environment of communications and the future challenges in the communications industries.
Charter [CHTR, NASDAQ] is the second largest cable operator (after Comcast, which is about 2.3x the size of Charter in total revenue) in the United States and one of the largest broadband communications services company providing video, Internet and voice services. The company closed a transaction, absorbing Bright House, TimeWarnerCable and Charter in 2016. In a recent CNBC interview, Rutledge gives details about the integration of the companies in this transaction, the company’s point of view about how to creative value for the shareholders and his predictions about future entertainment products. Revenue at the end of 2018 was $43.6 billion, with EBITDA at 37%, and operating profits at 12%; about 80% of the revenue comes from residential service. At the end of 2018, the company estimated their customer base to be about 28.1 million residential and small and medium business customers with about 250 million devices are wirelessly connected through the Charter Network.
Media Guru events are well-known for their “no speeches, no Power Point” promise: Just compelling one-on-one conversation with a fascinating personality making news in the media business, followed by Q+A.
Quantum Principal, Ava Seave, will moderate the event.