Charter Communications said it added 20,000 video subscribers during Q1...
Charter Communications said it added 20,000 video subscribers during Q1 on a net basis from Q4, for about 4.2 million total. That’s still about 4 percent lower than the total number of video subscribers it ended Q1 2011 with, but…
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the addition of 20,000 subscribers this quarter was an improvement from a year earlier when it lost 24,000 video subscribers. Charter also added 140,000 broadband customers and 31,000 phone customers on a net basis this quarter from year’s end, for 3.6 million and 1.8 million total respectively. Q1 sales gained 3.2 percent from a year earlier to $1.83 billion. Its net loss shrank 14 percent to $94 million. Shares gained 5.1 percent Tuesday.