Charter Halts 'Certain' Ads as It Seeks to Resolve NY PSC Dispute
“Charter will halt airing certain advertising," as an olive branch to the New York Public Service Commission, the company said Wednesday. “We look forward to resolving all matters currently disputed with the PSC in the not too distant future.” Charter…
Sign up for a free preview to unlock the rest of this article
Export Compliance Daily combines U.S. export control news, foreign border import regulation and policy developments into a single daily information service that reliably informs its trade professional readers about important current issues affecting their operations.
didn't say which ads. In June, the agency asked it to halt ads claiming the company is exceeding broadband deployment targets (see 1806260055). The PSC didn't comment. The state commission’s punishment last week revoking OK of the Time Warner buy is expected to bring Charter to the table (see 1808010040). Raymond James analysts “remain confident” both sides can find resolution. “We do not believe that Charter will end up divesting the assets or ceasing operations, but will either prevail in court or find a settlement,” they wrote investors. “We are hard pressed to see where the company was actually required to build out in less dense areas and as such appears to have satisfied the PSC requests. Nevertheless, we suspect politics is playing a part and this will take some time to become final.” Settlement may be best, Stop the Cap tweeted: "We're pondering if New York should settle its dispute with Charter/Spectrum, but only with new deal conditions enforced by the courts. Keeping Comcast and data caps out is priority #1."