Advertisement
New Zealand markets close in 4 hours 47 minutes

  • NZX 50

    11,809.25
    -26.79 (-0.23%)
     

  • NZD/USD

    0.5902
    -0.0003 (-0.05%)
     

  • NZD/EUR

    0.5545
    +0.0000 (+0.00%)
     

  • ALL ORDS

    7,898.90
    +37.90 (+0.48%)
     

  • ASX 200

    7,642.10
    +36.50 (+0.48%)
     

  • OIL

    82.64
    -0.09 (-0.11%)
     

  • GOLD

    2,393.90
    -4.10 (-0.17%)
     

  • NASDAQ

    17,394.31
    -99.31 (-0.57%)
     

  • FTSE

    7,877.05
    +29.06 (+0.37%)
     

  • Dow Jones

    37,775.38
    +22.07 (+0.06%)
     

  • DAX

    17,837.40
    +67.38 (+0.38%)
     

  • Hang Seng

    16,385.87
    +134.03 (+0.82%)
     

  • NIKKEI 225

    38,079.70
    0.00 (0.00%)
     

  • NZD/JPY

    91.1990
    -0.0550 (-0.06%)
     

Cord-Cutting Continues to Hurt Charter and Pay-TV Companies

Andrew Smith
Updated
Cord-Cutting Continues to Hurt Charter and Pay-TV Companies

Let’s now look at Charter Communications’ (CHTR) performance in the video space. Charter’s residential video customer count fell ~1.8% YoY (year-over-year) to ~16.2 million at the end of the second quarter. On a net basis, Charter lost 73,000 residential video customers, compared with 91,000 in the second quarter of 2017. Wall Street had expected a loss of 108,000 subscribers. This reduction was primarily due to rapid growth in OTT (over-the-top ) video viewing trends. ...

Continue reading