Charter Posts Narrower Fourth-Quarter Loss
From Associated Press
Charter Communications Inc., the nation’s third-largest cable TV systems operator, said its loss narrowed in the fourth quarter as it pressed its bid to restructure and cut debt.
The St. Louis company said it lost $58 million, or 20 cents a share, compared with a year-earlier loss of $1.87 billion, or $6.36. Revenue rose 2% to $1.22 billion.
While seeing drop-offs in video sales and advertising, Charter added 88,100 high-speed data customers in the fourth quarter.
Charter’s shares fell 47 cents to $4.40 on Nasdaq.
