Altice USA CEO Dennis Mathew addressed recent speculation about a potential takeover by Charter Communications, emphasizing that the company is controlled by Altice founder Patrick Drahi. Despite the increased stock value due to takeover rumors, Mathew remains focused on driving positive impact for employees, customers, and communities. He discussed the recent sale of Cheddar News and highlighted efforts to enhance customer experience and compete with streaming services.
Mathew expressed confidence in Altice USA’s business portfolio and geographical presence, emphasizing a commitment to growing the core business and avoiding distractions. He also mentioned discussions around a planned sports streaming joint venture involving Disney, Fox Corp., and Warner Bros. Discovery, aiming to offer live channels and sports rights. The CEO emphasized the importance of finding solutions that benefit customers, programmers, and the company, indicating ongoing conversations to ensure a win-win scenario for all parties involved.
