Charter Closes In on Peers.(Charter Communications)(Financial report)(Brief article)
Multichannel News, March, 2007 by Farrell, Mike
By Mike Farrell Charter Communications matched the rest of the cable industry in revenue and cash-flow growth in the fourth quarter, for the first time in years. But the St. Louis-based cable operator continued to bleed basic subscribers, mainly because of changes in the packaging and pricing of its digital-cable offering, it said.
Fourth-quarter revenue rose 11.7% to $1.4 billion, and cash flow was up 10.3% to $503 million. This was the first quarter in four years that Charter reported double-digit revenue and cash-flow growth in the same period. But basic subscribers, a key indication of a cable company's health, fell by 43,000 customers in the last quarter of 2006, an increase from the 40,000 subscribers the company lost in the last...
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