Wednesday, July 25, 2012

Charter Communications Reports 94 Million Dollar Loss in First Quarter of 2012

According to the "Wall St Cheat Sheet" Charter Communications lost 94 million dollars in the first quarter of 2012.

Charter CEO Tom Rutledge
It states:
Loss narrowed to $94 million (loss of 95 cents per diluted share) from $110 million (loss of 97 cents per share) in the same quarter a year earlier

It quotes said Tom Rutledge, President and Chief Executive Officer. of Charter as follows:

 "We are effectively executing on our strategic priorities of delivering a great customer experience, capitalizing on our market-leading Internet product, improving our video and voice products, and growing our commercial business. We are accelerating certain initiatives, including driving digital penetration through additional HD channel launches, a more simplified packaging and pricing structure, and an enhanced product offering, all of which provide more value to our customers. We will move quickly to capitalize on these opportunities and leverage our powerful network to grow our business.”
I like the line "driving digital penetration through additional HD channel launches"

The article states Charter has  "missed analyst estimates for four quarters in a row"

To read the rest click on the following link:

I wonder if any Pac 12 fans or Pac 12 school endowments invest in Charter Communications?

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