Charter [CHTR] reached a $144mln proposed settlement of a consolidated class action suit related to SEC charges of inflated sub numbers and revenue. Pending court approval, Charter will shell out $40mln in Class A common stock and 10 year warrants to purchase another $40mln of Class A stock. The $64mln cash component will be provided by the MSO’s insurance carriers. "The settlement of the securities litigation effectively closes the books on these serious legal matters confronting the company," Charter pres/CEO Carl Vogel said in a statement. Charter settled with the SEC last month, neither admitting nor denying any wrongdoing.

The Daily


Fubo Sues WBD, Disney, Fox Over Sports Streamer

Fubo is taking a harder stance against the sports streaming jv announced by Disney , Fox and Warner Bros. Discovery, suing each of the companies in an attempt to block the partnership from moving forward.

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