InvestorsJanuary 11, 2003
Charter to Launch HDNet & HDNet Movies Networks
2003 International CES
ST. LOUIS & DALLAS--(BUSINESS WIRE)--Jan. 10, 2003--Charter Communications Inc. (Nasdaq: CHTR) and HDNet today announced an agreement to carry two around-the-clock, high-definition networks, HDNet and HDNet Movies. The initial deployments will be in University Park/Highland Park, Texas, located in the Dallas/Fort Worth area; and Glendale/Burbank, Calif. The agreement is the cable industry's first with HDNet and expands the growing lineup of programming now available to customers of Charter's High Definition Service.
"We are pleased to be partnering with Charter to offer HDNet's networks to their HDTV customers, now and into the future," said Mark Cuban, co-founder and president of HDNet. "Through agreements such as this one, we intend to expand HDNet's distribution and deliver the incredible HDTV experience to more viewers across the country."
"With more and more consumers purchasing high-definition televisions and demanding high-quality programming to match, Charter is proud to be the very first cable operator to offer HDNet," said Carl Vogel, Charter president and CEO. "Our partnership with HDNet will enhance our current high-definition offering and further boost the entertainment value we're working to provide our customers every day."
HDNet Movies delivers a commercial-free schedule of full-length feature films converted from 35mm to high-definition, including titles from an extensive library of Warner Bros. films from a deal recently announced between HDNet and Warner Bros. Domestic Cable Distribution. HDNet Movies will feature a mix of theatrical releases, made-for-TV movies, independent films and shorts.
The HDNet channel features a variety of HDTV programming, including live sports, sitcoms, dramas, action series, documentaries, travel programs, music concerts and shows, special events, and news features including the popular HDNet World Report. HDNet also offers a selection of classic and recent television series from a recently announced deal between HDNet and Paramount.
In order to receive HDNet on Charter, customers will need to have an HDTV set and subscribe to Charter Digital Cable(R) and Charter High Definition Service. Charter's High Definition Service is available for a monthly incremental charge. The monthly price for HDNet has not been determined.
About Charter Communications
Charter Communications Inc., A Wired World Company(TM), is the nation's third-largest broadband communications company, currently serving approximately 6.7 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 Charter Digital Cable(R) and high-speed Internet access marketed under the Charter Pipeline(R) brand. 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(TM) brand. More information about Charter can be found at www.charter.com.
HDNet, (www.hd.net), the leader in high definition broadcasting, produces and televises more hours of HDTV sports, entertainment and news programming each week than any other network. Live sports include National Hockey League games, U.S. Olympic Committee events, CART auto racing, boxing, college football and basketball games. Entertainment programming includes fashion shows, concerts, musicals, television series from Paramount, and full-length feature films from Warner Bros. HDNet also produces original programming, including groundbreaking international news reports from Afghanistan, the Middle East, Mexico, India and Pakistan. Co-founded by Mark Cuban, owner of the Dallas Mavericks, and General Manager Philip Garvin, HDNet is currently distributed on DIRECTV and Charter to their HDTV customers.
|CONTACT:||Charter Communications Inc., St. Louis|
|Media: Andy Morgan, 314/543-2217|
|Analysts: Mary Jo Moehle, 314/543-2397|
|Sherry Yeaman, 214/366-3449|