Charter Communications had net loss of $241.1 million in 4th quar...
Charter Communications had net loss of $241.1 million in 4th quarter despite nearly 16% increase in revenue to $893.9 million as it continued to aggressively upgrade its cable systems. But Charter said its operating cash flow jumped almost 29%…
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on pro forma basis to $433.2 million, thanks particularly to strong increases in digital video and high-speed data customers. MSO said it ended 2000 with 1.07 million digital video subscribers, up 915,000 in year. Company added 67,800 cable modem customers in 4th quarter to close year with 252,400. Charter CEO Jerry Kent projected MSO would sign up another one million digital video and 250,000 data subscribers this year. With video-on-demand (VoD) service now available in 2 markets and expected in 10 more this year, Kent said VoD service would be offered to 2.2 million cable homes by year’s end. He also predicted nearly 93% of Charter subscribers would be reached by cable plant upgraded to at least 550 MHz capacity by end of 2002, up from 70% at close of last year. Finally, MSO plans to start its 2nd trial of IP telephony service over cable wires this summer in St. Louis market, after starting earlier trial in Wis.