Charter Loses as Many as 60,000 Subscribers
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Charter Communications Corp. said it lost as many as 60,000 basic cable customers in the third quarter, the fourth consecutive quarterly decline.
Sales rose about 7.5% during the quarter, excluding results from cable-TV systems that were sold, the St. Louis-based company said of the preliminary results. Charter had revenue of $1.16 billion a year ago. The company said it expected to post profit excluding interest, taxes, depreciation and amortization of $464 million, unchanged from a year earlier.
Charter said it won as many as 110,000 new high-speed Internet subscribers and 40,000 new digital-TV customers during the third quarter, fewer than a year earlier.
Shares of Charter fell 5 cents to $2.66 on Nasdaq.
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