Cable Operator Adds 98,900 New Customers in Quarter
By Larry Barrett -- Multichannel News, 8/5/2008 2:17:00 PM

Charter Communications Tuesday said it posted a second-quarter loss of $276 million, or 74 cents a share, on sales of $1.62 billion compared to a loss of $360 million, or 98 cents a share, in the year-ago quarter.

The $1.62 billion in sales represents an 8% improvement from the second quarter of 2007, but still fell just short of analysts’ consensus estimate of $1.63 billion.

Charter shares were off 2 cents a share, or 2%, to $1.12 in early-afternoon trading Tuesday.

In the quarter, Charter said it added 98,900 new customers, bringing the nation’s third-largest cable operator’s total customer base to more than 12.2 million subscribers.


Charter Posts Another Quarter inthe RedAs Basic Cable Subs Slump - 8/5/2008 2:17:00 PM - Multichannel News