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


FCC Chair Tees Up Apartment Broadband Competition Item

Cable has to contend with FCC Chair Jessica Rosenworcel circulating a proposal that would prevent providers from entering into exclusive revenue sharing agreements with building owners as part of changes aimed at bringing competition to MTEs.

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