What a way to end the Internet & Television Expo.
Following final regulatory approvals last week, Charter Communications Inc. has now officially closed on its acquisitions of Time Warner Cable Inc. (NYSE: TWC) and Bright House Networks . Tom Rutledge will lead the new company as President and CEO, as well as Chairman of the Board. Charter now has more than 25 million customers and a subscriber footprint that spans 41 states.
"I want to thank the management teams and all of the employees at Charter, Time Warner Cable and Bright House Networks for their hard work over these past 12 months," said Rutledge in a statement. "Despite much distraction, they kept their focus on the customer, and as a result, today we join together three companies, each operating with tremendous momentum. Current Bright House Networks and Time Warner Cable customers won't see many changes right away, though in the coming months they will begin to hear more from us about the Spectrum brand, and the product improvements and consumer friendly policies that come with it. Charter's objective is to provide high quality products at great prices, and back it up with excellent customer service, and we intend to continually improve the way we do business in order to be the very best at what we do."
- For details on the new footprint for Charter and the impact of acquiring TWC and Bright House, see: Meet the New Charter.
- For analysis on how Charter's acquisitions are part of a major shift in the US cable landscape, see: Coming Soon: The New Cable Trinity.
- For information on Charter's most recent earnings report and projections for the future, see: Rutledge Sets Stage for New Charter.
— Mari Silbey, Senior Editor, Cable/Video, Light Reading