Charter Communications Posts Smaller Q4 Loss

A Charter Communications van | Photo courtesy of Creative Commons

Charter Communications Inc.’s fourth-quarter loss narrowed, helped by the addition of 20,000 residential and 4,000 commercial customers.

The cable provider, which recently moved its headquarters from Town and Country to Stamford, Conn. but maintains a large St. Louis presence, posted a loss of $40 million, or 41 cents per share, compared with a loss of $67 million, or 63 cents per share, in the same quarter a year ago.

Revenue rose 4 percent to $1.91 billion from $1.83 billion, helped by an increase in internet and commercial customers, along with higher sales of video and advertising.

For the full year 2012, Charter’s loss totaled $304 million compared with a loss of $369 million in 2011. Revenue rose to $7.5 billion from $7.2 billion.

Read more from the St. Louis Post-Dispatch


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