named Michael Huseby financial chief Wednesday, luring him away from rival
Charter said Huseby would leave Aug. 20 after working to "ensure the orderly transfer of his responsibilities to a replacement, who is expected to be named shortly."
The move comes after St. Louis-based Charter last week settled a long-running
Securities and Exchange Commission
probe into its accounting. Meanwhile, Cablevision shares rose sharply Monday as investors speculated that the company could be swept up in a round of industry consolidation. Those rumors were set off by a bid by
controlling shareholder to take the big cable operator private.
In the meantime, Long Island-based Cablevision has become embroiled in a dispute with
over fees for sports programming.
On Wednesday, Charter rose 9 cents to $3.20 and Cablevision dropped 66 cents to $18.19.