Cable TV company Charter posts 3Q loss

AP News
Posted: Nov 06, 2012 2:40 PM

ST. LOUIS (AP) — Charter Communications Inc., the country's fourth-largest cable-TV provider, said Tuesday that it kept shedding customers in the third quarter, but added ones for broadband.

The St. Louis-based company said it lost $87 million, or 87 cents per share, in the July to September period, compared with a loss of $85 million, or 79 cents per share, a year earlier. Revenue grew 4 percent to $1.88 billion.

Charter lost 72,000 TV customers in the quarter, while adding 78,000 broadband customers and 60,000 phone customers.

Charter shares fell $1.73, or 2.4 percent, to $71.21 in afternoon trading.