Charter Communications' loss widens

[August 04, 2015]  (Reuters) - Charter Communications Inc reported a surprise quarterly loss, hurt by weakness in its video business.

The company's net loss widened to $122 million, or $1.09 per share, in the second-quarter ended June 30, from $45 million, or 42 cents per share, a year earlier. Revenue rose 7.6 percent to $2.43 billion. Charter's residential video customers fell by a net 33,000 in the period, compared with a loss of 29,000 a year earlier. Charter said in May it would buy Time Warner Cable Inc in a cash-and-stock deal valuing its larger rival at $78.7 billion. (Reporting By Lehar Maan in Bengaluru and Ankit Ajmera; Editing by Ted Kerr)   [© 2015 Thomson Reuters. All rights reserved.] Copyright 2015 Reuters. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.