Charter Reports First Quarter Financial and Operating Results

ST. LOUIS — Charter Communications, Inc. (NASDAQ: CHTR) (along with its subsidiaries, the “Company” or “Charter”) today reported its first quarter 2008 financial and operating results.

Key Operating Results

All of the following customer growth and ARPU statistics are presented on a pro forma basis. Charter added a net 302,300 RGUs during the first quarter of 2008. As of March 31, 2008, Charter served approximately 5,598,800 customers and the Company’s 12,084,400 RGUs were comprised of 5,208,000 basic video, 3,023,200 digital video, 2,768,200 HSI, and 1,085,000 telephone customers.

• Telephone customers increased by approximately 125,700 during the first quarter of 2008 and nearly doubled year-over-year. Telephone penetration is approximately 11% of telephone homes passed.
• Video RGUs increased 90,900 during the first quarter and video ARPU grew 6.2% – the highest video RGU net additions and video ARPU growth since 2003. Digital video customers increased by approximately 102,800 and basic video customers decreased by 11,900.
• HSI customers increased by approximately 85,700 in the first quarter of 2008. HSI ARPU increased year-over-year to $40.08.
• First quarter 2008 total ARPU increased 13.4% to $100.14 from the same period in 2007, driven primarily by an increase in bundled customers, advanced services growth, and upgrading customers to higher service tiers.

                                          Approximate as of
                                --------------------------------------
                                         Actual            Pro Forma
                                ------------------------- ------------
                                 March 31,   December 31,  March 31,
                                   2008         2007         2007   
                                ------------ ------------ ------------
Digital Video:
   Estimated digital video
    homes passed                 11,701,000   11,650,000   11,426,000
   Digital video customers        3,023,200    2,920,400    2,835,400
   Estimated penetration of
    digital homes
    passed                             25.8%        25.1%        24.8%
   Digital penetration of basic
    video customers                    58.0%        55.9%        53.0%
   Digital set-top terminals
    deployed                      4,340,300    4,192,700    4,077,500
   Pro forma digital video
    customers quarterly net
    gain                            102,800       59,700       65,100

More: Earnings Release