Cable operator Charter Communications, in which John Malone's Liberty Broadband owns a big stake, lost fewer pay TV subscribers in the fourth quarter than in the year-ago period, but its broadband user gains,a key growth engine amid the coronavirus pandemic, slowed.
Charter chairman and CEO Tom Rutledge lauded the firm's performance for all of 2020, including overall user trends, saying: "We added nearly two million customer relationships in 2020 — 800,000 more than we added in 2019 — and demand for our connectivity products remains strong." Charter lost 66,000 residential pay TV subscribers in the final quarter of 2020, compared with a loss of 105,000 in the year-ago period.
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