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SEC Filings

CHARTER COMMUNICATIONS, INC. /MO/ filed this Form 425 on 01/22/2016
Entire Document

Filed by Charter Communications, Inc.
Pursuant to Rule 425 under the Securities Act of 1933
and deemed filed pursuant to Rule 14a-6
under the Securities Act of 1934
Subject Company: Time Warner Cable Inc.
Commission File No. 001-33335

New Charter: Just the Facts

Fact: Charter is differently situated than Comcast and pursues different strategies and practices
(Myth: New Charter, alongside Comcast, would result in a duopoly and control a majority of the nation’s high-speed broadband homes.)

Charter does not have significant programming interests to protect and thus has no incentive to harm online video distributors (OVDs) like Netflix.
Charter does not use data caps or bill customers based on how much data they use.
Charter does not impose “early termination fees” if you want to leave our service.
Charter does not impose modem fees.
Charter has among the best reputations in the industry on interconnection, and has committed not to charge any interconnection fees for the next three years
Charter does not require our cable customers to rent a set top box; customers can view our cable service on their mobile device or a Roku.
Charter offers fast minimum broadband speeds of 60 Mbps with streamlined billing (and, again, no modem fees).
Charter views OVDs as complementary and has developed a cloud-based guide that can incorporate online video.
Charter developed a non-proprietary downloadable security system that enables us to work with any set-top box manufacturer.

FACT: New Charter will bring its pro-consumer and online video friendly broadband practices to more customers.
(Myth: New Charter will be too powerful.)

Serving less than 21% of the wireline broadband market, New Charter would be a smaller broadband provider than Comcast and only slightly larger than AT&T.
New Charter would serve only 23% of subscribers receiving 25 Mbps and above which is smaller than the percentage Comcast serves today and less than half of those customers that Comcast-TWC would have served.
Similarly, with only 17% of the video market, New Charter will be the number three video provider after AT&T and Comcast.

FACT: There is no more OVD friendly provider than Charter.
(Myth: New Charter would threaten established and emerging online video distributors.)

Netflix CEO Reed Hastings praised the deal, calling it “a tremendous positive” for online video distributors.
Charter offers the fastest minimum broadband speed in the industry at 60 Mbps, with no data caps, no usage-based billing, no modem fees and no early termination fees.