Charter added 20K video customers in 1Q, which makes it the 1st quarterly video growth in 5 years. Net RGU adds of 274K also surpassed analysts expectations. Analysts note that the adds happened at the expense of OIBDA in the short-term, but there should be a financial pay off long-term. More on Charter CEO Tom Rutledge’s roadmap for the year.
More top stories from the 5/9/12 issue of CableFAX Daily:
*DirecTV US is slowing, while Latin America continues to outperform. But unlike several of DirecTV’s peers, it grew both subs and OIBDA. Analysts weigh in and DirecTV pres/CEO Michael White details his approach to the DBS’s popular Sunday Ticket.
*OWN continues to fuel Discovery Comm losses-shares closed down 6% Tues. Discovery had $50mln of income losses in 1Q, with OWN predominantly accounting for that number. But Discovery CEO David Zaslav points to the net’s recent viewership growth. Here’s more from Zaslav on OWN and Planet Green’s rebranded channel Destination America.
*Rep Mike Doyle (D-PA) wants more info from Verizon given its cable spectrum deals. In a letter to Verizon pres/CEO Lowell McAdam, Doyle said he is concerned about the continued investment in wireline and broadband.