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Another Ex-Cablevision Exec Lands at Charter

Jeff Baumgartner
LR Cable News Analysis
Jeff Baumgartner
5/1/2012
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Charter Communications Inc. 's St. Louis headquarters continues to serve as a landing zone for former Cablevision Systems Corp. (NYSE: CVC) executives.

John Bickham, most recently the president of Cablevision's cable unit, was named COO of Charter on Tuesday, becoming the third former Cablevision exec to join the other MSO in recent months. Cablevision's ex-COO, Tom Rutledge, left last December to then quickly land as president and CEO of Charter. Jonathan Hargis, Cablevision's former executive VP of marketing, was reunited with Rutledge in April when he was named Charter's executive VP and chief marketing officer.

Bickham's appointment became effective Monday (April 30). He'll manage operations for Charter's footprint, which currently serves about 4.1 million video customers and 10.87 million homes passed.

Why this matters
Bickham's appointment clears the cobwebs from what's been a vacant COO spot. The last person to hold that title was Mike Lovett, who rose to president and CEO in April 2010 before setting his exit plan last fall. (See Charter CEO to Step Down .)

Bickham's appointment could spark rumors that other former Cablevision execs may land at Charter as well. Other recently departed Cablevision execs include Executive VP of Corporate Engineering and Technology James Blackley and Executive VP of Consumer Operations Kathleen Mayo.

Also joining the exec exodus is John Trierweiler, Cablevision's executive VP of product management, who left Cablevision in January, according to Multichannel News.

For more



— Jeff Baumgartner, Site Editor, Light Reading Cable

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Jeff Baumgartner
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Jeff Baumgartner,
User Rank: Light Beer
12/5/2012 | 5:34:34 PM
re: Another Ex-Cablevision Exec Lands at Charter


I'd almost put this in the poach category, but these execs had already left Cablevision before  they landed the new gigs at Charter. JB

Pete Baldwin
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Pete Baldwin,
User Rank: Light Beer
12/5/2012 | 5:34:34 PM
re: Another Ex-Cablevision Exec Lands at Charter


Man. It's like a stealth takeover. Or a non-merger merger. Or, actually -- a merger where the original company gets cast aside (an anti-merger? a spin-around?) They need to come up with a word for this.

AESerm
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AESerm,
User Rank: Light Beer
12/5/2012 | 5:34:33 PM
re: Another Ex-Cablevision Exec Lands at Charter


Did shares vest for these execs all at once? If that's part of the equation you'll have to add some financial jargon to the new expression.

davisee
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davisee,
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12/5/2012 | 5:34:29 PM
re: Another Ex-Cablevision Exec Lands at Charter


it was much simpler than you speculate and no new words to describe it are necessary. rutledge was leaving and his team, the ex-twc guys went with him. they are just starting to land in st. louis now thats all. rutledge isnt there for the short-term, to pretty things up to sell. they are there to build real value! with charter's current penetration, rps and more, there is a ton of internal growth potential available to them. they'll shake things up and deliver results!  

Pete Baldwin
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Pete Baldwin,
User Rank: Light Beer
12/5/2012 | 5:34:28 PM
re: Another Ex-Cablevision Exec Lands at Charter


But what you're describing is exactly the situation I was talking about!  A team from one company moving over one by one to run a competing company.


If there's no MBA-style term that suits it, then there's got to be some metaphor about amoebas or "Invasion of the Body Snatchers" we can apply here.

AESerm
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AESerm,
User Rank: Light Beer
12/5/2012 | 5:34:27 PM
re: Another Ex-Cablevision Exec Lands at Charter


Except Charter and Cablevision don't really compete against each other.

moon_shot
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moon_shot,
User Rank: Light Beer
12/5/2012 | 5:34:15 PM
re: Another Ex-Cablevision Exec Lands at Charter


How exactly do Charter and Cablevision compete against each other?  They have franchises with seperate and distinct boundries.


Now...if they become virtual MSO's via apps or streaming to new-gen TV's then they could compete, but thats a few years off.


The competition is ATT and Verizon.


The reason they left is "difference of opinion with the boss, who is also owner of the company".

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