Charter Stock Sinks As Internet Subscriber Losses Worsen; Could A Comcast Merger Be The Next Move?
- Charter shares fell 5% after internet losses widened.
- The company lost 233,000 internet customers in the quarter.
- A Comcast tie-up is being discussed amid broadband pressure.
Charter Communications’ shares fell 5% in early trading after it reported losing 233,000 internet customers in the third quarter, adding to concerns about competition and the outlook for its broadband business. The decline has fuelled speculation about a possible merger with Comcast, which faces similar pressures as it…