More people turn their backs on cable TV for Netflix and other streaming services

Charter Communications Inc. [CHTR, -11.68%] the third-largest U.S. pay-TV provider by subscribers, said Friday it lost 122,000 video customers in the first quarter, a far worse outcome than the roughly 40,000 subscriber losses Wall Street analysts expected. In the year-earlier period, Charter lost 100,000 customers. – Shalini Ramachandran, MarketWatch