Charter losses narrow to $67 mil

Revenue rises to $1.83 billion

Charter Communications, with new CEO Tom Rutledge at the helm, said net losses narrowed last quarter to $67 million from $70 million a year earlier.

Revenue at the St. Louis-based company owned by Paul Allen nosed up to $1.83 billion in the quarter ended Dec. 31 from $1.79 billion on higher Internet, telephone and commercial sales.

“This will be an important year for Charter and our customers, and I’m excited to be a part of it,” Rutledge said.

A highly regarded cable exec, he shocked the industry when he bolted from his longtime perch at New York operator Cablevision in late December to move to Charter.

Charter’s total customer base grew 8,700 in the fourth quarter, compared to a loss of 35,700 in the year-ago quarter. Residential Internet customers grew 67,700, more than double the number of a year ago.

Video losses of 45,000 were down from 62,000 in the year-ago quarter. But Charter added fewer telephone subscribers than it had the year before.

Charter put out a separate release for fast-growing commercial services division Charter Business, where revenue jumped 20% for full-year 2011 to $583 million.

More TV

  • THE EXPANSE -- "Intransigence" Episode 309

    'The Expanse' Moves to Amazon for Season 4

    Charter Communications, with new CEO Tom Rutledge at the helm, said net losses narrowed last quarter to $67 million from $70 million a year earlier. Revenue at the St. Louis-based company owned by Paul Allen nosed up to $1.83 billion in the quarter ended Dec. 31 from $1.79 billion on higher Internet, telephone and commercial […]

  • Arrested Development Season 5 review

    TV Review: 'Arrested Development' Season 5 on Netflix

    Charter Communications, with new CEO Tom Rutledge at the helm, said net losses narrowed last quarter to $67 million from $70 million a year earlier. Revenue at the St. Louis-based company owned by Paul Allen nosed up to $1.83 billion in the quarter ended Dec. 31 from $1.79 billion on higher Internet, telephone and commercial […]

  • Showtime Executive, Gary Garfinkle.Photo: Cliff Lipson/CBS©2012

    Gary Garfinkel, Co-Head of Content Acquisitions at Showtime, Dies at 55

    Charter Communications, with new CEO Tom Rutledge at the helm, said net losses narrowed last quarter to $67 million from $70 million a year earlier. Revenue at the St. Louis-based company owned by Paul Allen nosed up to $1.83 billion in the quarter ended Dec. 31 from $1.79 billion on higher Internet, telephone and commercial […]

  • Ted Danson Remote Controlled Podcast

    Remote Controlled: 'The Good Place' Star Ted Danson on His 'Delicious' Role

    Charter Communications, with new CEO Tom Rutledge at the helm, said net losses narrowed last quarter to $67 million from $70 million a year earlier. Revenue at the St. Louis-based company owned by Paul Allen nosed up to $1.83 billion in the quarter ended Dec. 31 from $1.79 billion on higher Internet, telephone and commercial […]

  • Mick Betancourt Joins Syfy's 'Deadly Class'

    Mick Betancourt Joins Syfy's 'Deadly Class' in Showrunner Switch

    Charter Communications, with new CEO Tom Rutledge at the helm, said net losses narrowed last quarter to $67 million from $70 million a year earlier. Revenue at the St. Louis-based company owned by Paul Allen nosed up to $1.83 billion in the quarter ended Dec. 31 from $1.79 billion on higher Internet, telephone and commercial […]

More From Our Brands

Access exclusive content