This Cable CEO Just Bet His Company Will Buck Cord-Cutting

While it is not uncommon for CEOs of major companies to put a favorable spin on their company's future, Charter Communications (NASDAQ: CHTR) CEO Tom Rutledge recently made a very surprising prediction at an industry conference: His company would actually grow video subscribers over the next three years. That may seem like a crazy prediction, given the state of the cable industry today. Cord-cutting -- brought about by over-the-top streaming companies such as Netflix (NASDAQ: NFLX) -- has been accelerating, and it is hard to see any company growing traditional cable subscribers going forward.

However, Rutledge was hand-picked by cable legend John Malone to run the company (Malone's Liberty Broadband Corporation (NASDAQ: LBRDK) owns a large stake in Charter), and Charter has performed exceptionally well over the past three years. Clearly, Rutledge knows the cable industry. So how does he plan to accomplish this feat?

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Source: Fool.com