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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Thursday–April 23

Charter, Comcast, Liberty Global Talk Cable’s Competition

It’s a very busy Thursday for the Syndeo Institute at The Cable Center. It’s not only hosting its annual Cable Hall of Fame celebration at the Ziegfeld Ballroom in NYC this evening, but also opened the day with an exclusive industry leadership forum just a few blocks away at the Paley Media Center.

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