Charter reports widening loss in latest quarter
From Bloomberg News
Charter Communications Inc., the cable TV company controlled by billionaire Paul Allen, reported a wider fourth-quarter loss of $396 million as the company spent more to add Internet and phone service customers.
The net loss grew to $1.08 a share from a loss of $336 million, or $1.06, a year earlier, St. Louis-based Charter said. The loss exceeded analyst estimates. Sales rose 9.8% to $1.41 billion.
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