Charter Posts Wider Loss on Higher Costs
Bloomberg News
Charter Communications Inc. had a wider fourth-quarter loss on higher costs as the cable television company controlled by billionaire Paul Allen upgraded systems for digital TV. It said subscribers will decline this quarter and fewer digital customers will sign up in 2002.
The loss widened to $305.7 million, or $1.04 a share, after the payment of preferred dividends, from $241.1 million, or $1.03. Sales were $1.1 billion, the St. Louis-based company said in a statement, up 23% from the year-ago period.
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