Charter Loses 101,000 Pay TV Subscribers in Fourth Quarter

Cable operator Charter Communications, in which John Malone's Liberty Broadband owns a big stake, on Friday reported that it lost 101,000 pay TV subscribers in the fourth quarter as cord-cutting continues in the U.S.

The company added 4,000 small and medium business video customers in the fourth quarter, compared with 14,000 in the year-ago period, ending 2019 with 524,000. The broadband business once again led the growth charge in the fourth quarter as Charter recorded 313,000 residential internet subscriber net additions and 26,000 new internet business customers for a total gain of 339,000, up from 329,000 in the year-ago period.

Charter highlighted that as of Dec. 31, it had more than 29.2 million total customer relationships, having added more than 1.1 million net new customer relationships over the past year.

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