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|CHARTER COMMUNICATIONS, INC. /MO/ filed this Form 425 on 01/19/2016|
acquisition of Time Warner Cable and Bright House Networks, we encourage the Federal Communications Commission to afford the proposed transactions expedited consideration."
Rev. Al Sharpton, President of National Action Network provided the following statement regarding the MOU. "This agreement is another marker of progress that brings with it special resonance on Dr. King's birthday - together we are continuing to move closer to achieving his dream of equality in America. The MOU is strengthened by these diverse groups coming together with Charter to affirm their commitment to a future of greater inclusion and diversity. Far beyond just superficial statements, Charter is making concrete assurances to enhance multicultural leadership in corporate governance, their workforce, procurement, programming and community investment. The enactment of the agreement is contingent upon approval of Charter's merger with Time Warner Cable and Bright House - and for that reason we urge regulators to expedite this process."
League of United Latin American Citizens (LULAC) National President Roger Rocha provided support from the Latino community. "We thank Charter for committing to improve diversity and inclusion throughout the company and for its willingness to enhance its services and support of the Latino community. LULAC strongly advocates for companies to do the right thing in the diversity space especially when it comes to the area of telecommunications. This industry is critical to our community's educational and professional success in particular because of the opportunities that come with affordable high speed access to the internet. What has been committed to in the MOU is a significant step for the company and we look forward to working with Charter as they implement its provisions."
Janet Murguia, President and CEO of the National Council of La Raza, said "We believe that the MOU outlines a commitment to working with the Latino community to provide much-needed high speed and affordable internet access, enhanced support for Latino-themed programming in English, and expanding career and employment opportunities. We welcome the chance to work with Charter on this nascent effort to become a leader in the area of diversity inclusion and engagement."
"Asian Americans are expected to grow to more than 10 percent of the U.S. population by 2060," said Mee Moua, president and executive director of Advancing Justice | AAJC. "Despite our unprecedented growth, we continue to be excluded from diversity and inclusion strategies. In the media and entertainment industry, our invisibility is perpetuated by the limited acting roles for Asian Americans and Pacific Islanders and the portrayals of our communities that are based on stereotypes and misperceptions. Through this MOU endeavor, New Charter is exercising a leadership opportunity to influence content creation and prioritize programming distribution that accurately reflects the changing face of America, particularly in markets in which there are highly-concentrated AAPI populations, such as Hawaii, New York and Southern California."
Jose Calderon, President of the Hispanic Federation, said "The Hispanic Federation exists to advance the interests and aspirations of the Hispanic community, especially in the areas of education and economic empowerment. We are committed to working with Charter to ensure that the MOU serves and benefits our students and families through a significant expansion of their low-cost broadband programs, the job training and recruitment of Latinos across their urban markets, and meaningful, systemic and long-term philanthropic investments in our communities."
Charter (NASDAQ: CHTR) is a leading broadband communications company and the fourth-largest cable operator in the United States. Charter provides a full range of advanced broadband services, including Spectrum TV™ video entertainment programming, Spectrum Internet™ access, and Spectrum Voice™. Spectrum Business™ similarly provides scalable, tailored, and cost-effective broadband communications