Charter's first quarter revenue, subscriber numbers on the rise

Charter Communications believes it has emerged from bankruptcy into better times, including a predicted 5.5 percent increase in first quarter revenue coming in at $1.74 billion.

Charter said it added 95,800 digital video customers (up from 25,600 last year), 103,700 broadband customers (up from 71,900) and 66,900 phone subs (down from 70,400). Basic video subscriber numbers dropped about 23,400 compared to the same period last year, said the MSO, which will report first quarter results May 6.

Charter, which is controlled by Microsoft co-founder Paul Allen, filed for Chapter 11 bankruptcy last February. It emerged towards the end of last year and has been aggressively pursuing a number of broadband-based initiatives, including looking at a commercial wireless play.

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