News January 18, 2016

Charter Strikes Memorandum of Understanding With Diversity Groups

Originally appeared in Broadcasting & Cable
By John Eggerton
January 15, 2016

Sharpton calls it more than ‘superficial statements’

In its continuing efforts to make its proposed merger with Time Warner Cable and Bright House as consumer and FCC friendly as possible, Charter announced it had struck a memorandum of understanding (MOU) with a dozen diversity groups.

Among the promises the company has made for the merged New Charter include adding one African American, one Asian American/Pacific Islander and one Latino American to its board within two years of the transactions close, which is contingent on FCC approval.

Charter will also name a chief diversity officer and will expand and “build on” its efforts in corporate governance, employment and workforce recruitment, procurement, programming, and philanthropy and community investment in organizations serving “communities of color.”

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