Charter Cites 'Considerable Progress' Toward New York Settlement
Inching closer to possible settlement with New York, Charter Communications asked to have until April 5 to seek rehearing of the New York Public Service Commission’s July order revoking the MVPD’s Time Warner Cable buy, and until May 3 to…
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file a six-month plan to exit the state (see 1902280061). New York PSC Chairman John Rhodes granted the 30-day extensions in a one-commissioner order. Deadlines were March 6 and April 3. “Considerable time and resources have been deployed to analyze and consider proposed settlement frameworks, which have required extensive internal review both at Charter and by the Department,” Charter told the commission in a Tuesday request in docket 15-M-0388. “The parties have made considerable progress. They have now exchanged term sheets and reached agreement on many key issues. Further data analysis is still underway on certain passings under discussion, and additional time will allow the parties an opportunity to fully review the information exchanged, as well as to convert the term sheet into a fuller written agreement.”