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Charter cuts Q1 loss


May 12, 2008 Paul Allen-controlled cable operator Charter Communications narrowed its first-quarter loss as a revenue gain of 10.5% to $1.6 billion outpaced cost increases. Video RGUs increased 90,900, and video average revenue per user grew 6.2%, marking the highest video RGU net adds and ARPU growth since 2003. Charter added about 102,800 digital video subs, but lost 11,900 basic cable users.

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