Why Was Charter Communications Up 12% In June?

newsfeedback@fool.com (Daniel B. Kline), The Motley Fool
Fri, 07/06/2018 - 8:04am

Cord-cutting is real, but it's not having the impact on cable providers you might expect. The number of people subscribing to traditional pay-television has decreased, but those lost subscribers are being more than covered by customers signing up for internet services.Charter Communications (NASDAQ: CHTR) has lost pay-television customers. It actually posted a gain of 15,000 video customers in the 2017 fourth quarter, but that was followed by a drop of 112,000 in the first quarter of 2018.

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