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?

Source: Fool.com