Charter Q3 loss rises, waiting to emerge from bankruptcy

Monday 9 November 2009 | 16:36 CET | News
US cable operator Charter Communications reported third quarter revenues at USD 1.693 billion, up 3.8 percent on a pro forma basis. Adjusted EBITDA improved 7.8 percent to USD 606 million. The net loss attributable to shareholders widened to USD 1.035 billion from a loss of 322 million a year ago. The actual net loss was at USD 322, due mainly to the impairment of franchises, offset by an increase in sales of bundled services and improved cost efficiencies. The impact of the impairment on net loss was partially offset by USD 625 million in tax benefits associated with the impairment and the

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Categories: Fixed
Companies: Charter Communications
Countries: United States
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