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Spectrum faces major consequence from rapidly losing customers

Spectrum, which Charter Communications (CHTR) operates, has been on a downward spiral over the past few years as the cord-cutting trend, which involves consumers ditching cable services for streaming platforms, grows in magnitude. Despite recent efforts to retain customers with bundled deals and marketing that emphasizes value, Spectrum’s fleeing customer problem worsened earlier this year. Not only did Spectrum continue to lose cable TV customers, but it also began to lose internet customers in alarming ...