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.

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Wednesday–April 16

Sitting Tight: Operators Examine Approach to Video, Waiting on BEAD

Although the anticipation to see what the next steps are with NTIA’s $42.5 billion BEAD program was palpable during BCAP’s Pennsylvania Broadband Summit, many attendees continue to deal with combatting a bleeding video ecosystem.

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