Charter targets $2 billion in annualized cost cuts as internet customer losses widen

Charter is targeting $2 billion in annualized operating savings over 18 months, alongside changes to internet sales and greater reliance on mobile and video. Third-quarter internet customer losses reached 233,000 on a pro forma basis, versus 171,000 a year earlier, while video losses narrowed. The savings target is separate from more than $1 billion in anticipated Cox merger benefits; neither represents savings already achieved.