A bittersweet farewell to Frank M. Reid at Bethel AME

Charter Communications

Time Warner Cable deal gives Charter a boost in 2Q

Cable company Charter Communications Inc. on Tuesday reported sharply higher revenue and turned a profit in the second quarter thanks to a boost from its $67 billion purchase of Time Warner Cable and Bright House Networks in May.

The Stamford, Connecticut-based company posted net income of $3.07 billion, or $15.17 per share, compared with a loss of $122 million, or $1.21 per share, in the previous year's quarter. Revenue more than doubled, to $6.16 billion.

Charter also compared its most recent quarter's numbers to a 2015 quarter that was adjusted to include results from the acquired companies. It said that in that context, it lost 152,000 home video customers, fewer than in...