Charter Plans $2 Billion in Annualized Cost Cuts Over 18 Months
Charter Communications said it would cut $2 billion in annualized operating costs over the next 18 months as it seeks to revive growth. Its shares fell more than 5% in premarket trading.
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02:45:50 PM UTC
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By George GloverCharter Communications unveiled a plan to win back investors' confidence on Friday, saying it would target $2 billion in cost cuts over the next 18 months after closing its merger with rival Cox.But the market wasn't impressed by the cable operator's third-quarter results, which sho…
Charter Communications NASDAQ:CHTR said on Friday it would cut $2 billion in annualized operating costs over the next 18 months, overhauling how it sells and runs its business as it tries to revive growth.Shares of the company fell more than 5% in premarket trading. They have fallen 39.7% so far th…