Charter expects good first quarter results

Following what has become a cable industry trend (see Comcast and Time Warner's earnings announcements this week), Charter Communications expects to report a 5.5 percent first quarter revenue gain to about $1.74 billion when it announces results May 6.

The company recently climbed out of bankruptcy and has seen growing demand for digital video, high-speed data and phone services. Also continuing a trend, Charter is expected to report a loss of 23,400 basic video subscribers from the same period last year.

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