Liberty Broadband (NASDAQ:LBRDA) holds a 20% ownership interest (25% aggregate voting power) in Charter Communications. Charter Communications reported quarterly results for the first time since closing on its mergers with Time Warner Cable and Bright House Networks. As such, investors had their first look at the combined entity, even if Charter had only operated these assets for 43 days. Results from the legacy Charter footprint remained strong, and management provided a helpful overview of the combined company as well as their integration and synergy plans. We, and other investors, are excited by the opportunity to run the “Charter playbook” with the newly combined company. Charter shares were also aided by the company’s September inclusion into the S&P 500 Index.
From Wallace Weitz (Trades, Portfolio)'s Partners Value Fund third-quarter commentary.
