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Charter reports $459 million first-quarter loss

By AP/KWMU

St. Louis, MO – Charter Communications is blaming higher operating expenses and more spending on marketing for a widening first-quarter loss. The St. Louis-based cable company reported its quarterly loss this morning (Tuesday) at $459 million.

That compares to a loss of $353 million in the same quarter a year ago.

Charter's loss was steeper than Wall Street projections, but its revenue was better than expected. Revenue rose to $1.37 billion from $1.27 billion.

The company provides cable, high-speed Internet and telephone service.

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