Charter Communications, Inc. (NASDAQ:CHTR) announced that David Kline will join the Company as Executive Vice President, President of Media Sales. In this role, Kline will oversee all aspects of Charter’s advertising and media business and will report to Tom Rutledge, President and Chief Executive Officer.
“David is an industry veteran with over 30 years of knowledge and experience in his field,” said Rutledge. “David’s strategic leadership will further elevate Charter’s position as an innovator in the advanced TV advertising space.”
“Advertisers are asking for more and better ways to enhance their sizable investment in television ads. Our goal is to offer advertisers data-driven, better targeted ads that, in some cases, subscribers will be able to interact with. The advanced services we will make available in our markets will distinguish Charter as the advertising platform of choice,” said Kline.
With a career spanning over 33 years in the media business, Kline has managed regional sports networks, cable networks, an MVPD Ad Sales organization and TV ad tech solution providers. Before joining Charter, Kline served as President and Chief Operating Officer at Visible World. Prior to this, Kline was Chief Operating Officer of Ensequence, a leading provider of interactive TV applications, where he oversaw the day-to-day operations for all sales, marketing and communications of Ensequence’s interactive advertising and programming products and services. Most notable, Kline was President and Chief Operating Officer of Cablevision Media Sales for over 14 years, where he oversaw day-to-day operations for Cablevision’s advertising businesses including local cable, interconnects, regional news channels, national cable networks, and advanced advertising products. While at Cablevision, Kline led the TV industry charge in advanced advertising by launching many firsts for the cable industry, including the first full household addressable TV advertising footprint, first dedicated advertiser channels, and first to offer dynamic ad insertion into VOD.
Kline holds a Bachelor’s Degree from The Ohio State University. He will be based at Charter’s Stamford, Connecticut corporate headquarters. (Original Source)
Shares of Charter Communications are trading at $187.65, up $4.51 or 2.47%. CHTR has a 1-year high of $199 and a 1-year low of $137.51. The stock’s 50-day moving average is $183.10 and its 200-day moving average is $181.52.
On the ratings front, Charter has been the subject of a number of recent research reports. In a report issued on August 19, MoffettNathanson LLC. analyst Craig Moffett upgraded CHTR to Buy, with a price target of $210, which represents a potential upside of 14.7% from where the stock is currently trading. Separately, on August 5, Canaccord Genuity’s Gregory Miller reiterated a Buy rating on the stock and has a price target of $210.
According to TipRanks.com, which ranks over 7,500 financial analysts and bloggers to gauge the performance of their past recommendations, Craig Moffett and Gregory Miller have a total average return of 1.9% and 4.5% respectively. Moffett has a success rate of 51.3% and is ranked #1697 out of 3764 analysts, while Miller has a success rate of 48.9% and is ranked #829.
Charter Communications Inc is acable operator providing services in the United States. It offerscable video programming, Internet services, and voice services, as well as video services such as video on demand, HD television and DVR service.