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Charter Reports Widened Q4 Loss

Mar 1, 2005  •  Post A Comment

Charter Communications today said its fourth-quarter net loss rose to $340 million from $58 million a year ago. The company lost 83,000 basic video subscribers during the period.

The company also said that co-Chief Financial Officer Derek Chang will resign effective April 15.

Charter, the nation’s third-largest cable operator, has been roiled by management turnover, including the departure of CEO Carl Vogel, who resigned in January. For the full year, Charter, controlled by Paul Allen, said it lost $2.158 billion on a pro forma basis, compared with $445 million a year ago.