Charter Loses 121,000 Pay TV Subs, Adds Broadband Users
, in which John Malone’s Liberty Broadband owns a big stake, lost more pay TV subscribers in the third quarter than in the year-ago period, while its broadband business grew more slowly.
Charter lost 133,000 residential pay TV subscribers in the quarter, compared with a loss of 77,000 in the year-ago period. Including the addition of 12,000 small- and medium-size business clients, it lost 121,000 video customers in the third quarter after a year-ago loss of 75,000. The cable giant’s broadband Internet business was once again a key growth area, recording 243,000 residential Internet subscriber net additions, even though that was down from 351,000 in the third quarter of 2020, which had been boosted by the coronavirus pandemic. Including small- and medium-size business clients, the total gain of 265,000 also slowed compared with the 380,000 recorded in the year-ago period.
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