Cable Operator Charter Loses More Video Subs in Second Quarter
Revenue rose 2.2 percent, but the company's loss widened amid higher debt extinguishment losses and higher interest expense.
NEW YORK - Big cable operator Charter Communications on Tuesday reported another video subscriber decline in the second quarter and a widened loss on higher costs for debt extinguishment and higher interest expense.
The loss of $107 million compared with a year-ago loss of $82 million. Revenue rose 2.2 percent to $1.79 billion.
Charter lost 79,900 residential and 3,800 commercial video subscribers in the latest quarter, but added 18,500 residential broadband and 6,600 telephony users. It ended June with 4.17 million total video customers, down 5 percent from the 4.41 million it had a year earlier.
On Monday, Charter had unveiled a carriage deal with the NFL Network and its NFL RedZone channel.