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


Industry Kicks off ‘Go Addressable’ Initiative

Distributors and TV brands came together Thursday in support of an industry initiative to accelerate efforts to make it easier for advertisers to incorporate addressable TV into their campaigns. Participants

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