Charter Added Cable Customers Again -- and It Might Hurt
For the second quarter in a row, Charter Communications (NASDAQ: CHTR) has done something a bit shocking: It added cable television customers, defying a cord-cutting trend that continues to work against rivals like AT&T (NYSE: T) and Comcast (NASDAQ: CMCSA). The company and its shareholders naturally celebrated the unlikely feat.
There's an important footnote to the matter that has not been quite as much discussed, though: Charter's Spectrum cable service is suddenly collecting a lot less revenue per subscriber. And with the entertainment companies that own and operate cable channels demanding ever-higher carriage fees from pay-TV companies, this trend isn't necessarily sustainable.
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Source Fool.com
