Charter trims loss for quarter
From Bloomberg News
Charter Communications Inc., the cable television company controlled by billionaire investor Paul Allen, reported a narrower first-quarter loss as it sold more packages of TV, telephone and Internet services.
The net loss was $381 million, or $1.04 a share, down from $459 million, or $1.45, a year earlier. St. Louis-based Charter’s sales rose 8% to $1.43 billion.
Shares of Charter jumped 12 cents to $3.39.
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