Charter Deepens Turnaround as Subscriber Losses Persist and $2 Billion Cost Cut Looms
Charter Communications is pressing ahead with a sweeping operating overhaul after reporting continued losses in internet and video customers, underscoring the pressure on one of the largest U.S. cable operators. The company is preparing a new savings programme that could trim about $2 billion in costs as it seeks to stabilise growth, improve margins and reset its business model in a weakening broadband market.
