ABC Cable Networks Group and Charter Communications Complete ABC Family Carriage Agreement.Entertainment Editors BURBANK, Calif.--(ENTERTAINMENT WIRE)--June 13, 2002 ABC ABC in full American Broadcasting Co. Major U.S. television network. It began when the expanding national radio network NBC split into the separate Red and Blue networks in 1928. Cable Networks Group has entered into an agreement with Charter Communications Charter Communications NASDAQ: CHTR is an American company providing cable television, high-speed Internet, and telephone services to more than 5.7 million customers in 29 states. It is the third-largest publicly traded cable operator in the U.S. , Inc. (Nasdaq:CHTR CHTR Charter CHTR Canadian High Temperature Research ) for the continued distribution of ABC Family "We are very pleased to extend our relationship with Charter," said Sweeney. "Charter has always been an outstanding partner for our networks, enabling us to provide compelling programming for their customers and enhanced value to Charter's services. We look forward to a long and fruitful partnership." "Under Disney's ownership, ABC Family has built its audience and added value Added value in financial analysis of shares is to be distinguished from value added. Used as a measure of shareholder value, calculated using the formula:
Available in more than 84 million homes, ABC Family features quality, contemporary entertainment for all members of the family including original series and movies, timeless classics from Disney and encore presentations of the best ABC programs and specials. ABC Family's ratings have increased steadily since the network was acquired by The Walt Disney Company in October 2001. During the recent May sweeps period, household ratings were up 24 percent, while total viewers climbed 23 percent and adults 18-49 were up 25 percent versus May 2001. To date this year, ABC Family household and adult 18-49 deliveries are up 29 percent (0.9 vs 0.7) and 33 percent (0.4 vs 0.3), respectively over last year. ABC Cable Networks Group develops and manages non-sports cable television networks and television programming for its parent, The Walt Disney Company. ABC Cable Networks Group operates the wholly-owned Disney Channel, Toon Disney and SoapNet cable channels and manages Disney's kids programming on multiple U.S. television platforms, including ABC Television and ABC Family. ABC Cable Networks Group is also responsible for managing Disney's equity interest in cable groups Lifetime Entertainment Services
Lifetime Entertainment Services is an American entertainment industry company, dedicated to entertainment and information programming as well as advocating a range of issues that women find relevant serving over 88 , A&E Television Networks and E! Networks. Charter Communications, A Wired World Company(TM), is among the nation's largest broadband communications companies, currently serving more than 6.8 million customers in 40 states. Charter provides a full range of advanced broadband services to the home, including cable television on an advanced digital video-programming platform marketed under the Charter Digital Cable(R) brand and high-speed Internet access via Charter Pipeline(R). Commercial high-speed data, video and Internet solutions are provided under the Charter Business Networks(TM) brand. Advertising sales and production services are sold under the Charter Media brand. A Fortune 500 and Nasdaq 100 Company, Charter was the 2001 recipient of the Outstanding Corporate Growth Award from the Association for Corporate Growth, the 2001 R.E. "Ted" Turner Innovator of the Year Award from the Southern Cable Telecommunications Association, and the 2001 Fast 50 Award for Growth from the St. Louis Regional Chamber and Growth Association The Regional Chamber and Growth Association (RCGA) is the chamber of commerce and primary economic development agency for Metropolitan St. Louis, Missouri. The St. Louis RCGA has three primary roles: 1) to serve as the regional chamber of commerce for over 4,000 member . More information about Charter can be found at www.charter.com. |
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