Charter Communications loss narrows as sales grow

Charter Communications Inc.'s CHTR +0.00% third-quarter loss narrowed as the broadband communications company benefited from revenue growth and lower interest and tax expenses.

The fourth-largest cable operator by video subscribers also reported that its rate of residential video-subscriber losses continued to slow: The company lost 27,000 customers in the latest quarter compared with 71,000 a year earlier. The company attributed the improving trend to a more competitive video product, packaging of advanced services and new selling methods.

Meanwhile, Charter has recorded growth in broadband and telephone customer additions as it continued to emphasize selling "triple play" bundles.

Charter and its largest shareholder, Liberty Media Corp. (LMCA, LMCB), have attempted to interest Time Warner Cable Inc. (TWC) in a merger. However, Time Warner Cable so far has rebuffed Charter and Liberty's approaches.

Charter Communications reported a loss of $70 million, or 68 cents a share, compared with a year-earlier loss of $87 million, or 87 cents a share.

Source: http://cablequest.org/news/broadband-and-iptv-news/item/3464-charter-communications-loss-narrows-as-sales-grow.htmlSource: http://cablequest.org/news/broadband-and-iptv-news/item/3464-charter-communications-loss-narrows-as-sales-grow.html