Charter Communications: Deep Dive Part 1

This article provides a historical overview of the cable industry and Charter Communications. It details the evolution of the cable business from community antennas (CATV) to a hybrid fiber-coaxial network. The author notes that while Charter was once a favorite of many top investors, its stock has come under pressure due to intensifying competition in the broadband market. The author initiated a position in early 2022 and is now re-evaluating the investment. The article sets the stage for a two-part deep dive, with this first part focusing on the history of the company and the industry. It highlights the local monopoly characteristics of early cable franchises and the subsequent waves of regulation and deregulation.