New York says Charter lied about new broadband, threatens to revoke its franchise

The New York Public Service Commission has threatened to terminate Charter Communications' franchise agreements with New York City, saying the cable company failed to meet broadband construction requirements and may not have paid all of its required franchise fees. The commission said Charter should pay a $1 million fine for missing a deadline to expand its broadband network statewide and is questioning Charter over declines in franchise fees paid to New York City. "It is critically important that regulated companies strictly adhere to the state's rules and regulations," PSC Chairman John Rhodes said. "If a regulated entity like Charter's cable business decides to violate or ignore the rules, we will take swift action and hold [it] accountable to the full extent of the law."