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Charter's cable bets finally pay off with video subscriber gains

Photograph by Yvonne Hemsey/Getty Images

Charter Communications added roughly 15,000 customers to its video subscription package in the fourth quarter of 2017, the first time the network has added video subscribers since acquiring Time Warner Cable and Bright House Networks in 2016.

Why it matters: Charter CEO Tom Rutledge warned that while these acquisitions would cause a dip in subscriber numbers in the short-term, they would eventually help the company develop stronger relationships with video customers. Those cable bets now seem to be paying off.