March 17, 2009 |
Charter Communications Inc., the nation's fourth-largest cable operator, said Monday that its loss for the fourth quarter widened from a year earlier and one of its subsidiaries would not make a debt interest payment in light of a pending bankruptcy filing. Charter, which is controlled by Microsoft Corp. co-founder Paul Allen, plans to file a prearranged Chapter 11 bankruptcy by April 1.
January 17, 2009 |
Charter Communications Inc., billionaire Paul Allen's money-losing cable TV company, hired law firm Kirkland & Ellis and investment bank Lazard Ltd. to advise on a possible bankruptcy, people familiar with the matter said Friday. Kirkland's Rick Cieri is providing counsel, according to two people involved in talks on Charter's strategy. Allen has also hired lawyers and financial advisors, the people said. If the St.
August 6, 2008 |
Charter Communications Inc., a St. Louis-based cable television company controlled by Paul Allen, reported a narrower second-quarter loss after adding telephone and high-speed Internet customers. The loss shrank to $276 million, or 74 cents a share, from $360 million, or 98 cents, a year earlier, Charter said. Sales increased 8.3% to $1.62 billion. Charter shares dropped 5 cents, or 4.4%, to $1.09.
January 25, 2008 |
Charter Communications Inc. executives believe a software error during routine maintenance caused the company to delete the contents of 14,000 customer e-mail accounts. There is no way to retrieve the messages, photos and other attachments that were erased from in-boxes and archive folders across the nation Monday, said Anita Lamont, a spokeswoman for the suburban St. Louis company.
November 9, 2007 |
Charter Communications Inc., the cable company controlled by Paul Allen, said its third-quarter loss expanded to $407 million, or $1.10 a share, from $133 million, or 41 cents, a year earlier. Sales rose 9.9% to $1.53 billion. Charter lost more than 40,000 basic cable subscribers during the period, compared with a gain of 5,000 forecast by Wedbush Morgan Securities analyst William Kidd in Los Angeles. Shares of the St. Louis-based company fell 62 cents to $1.16.
October 10, 2007 |
washington -- Supreme Court justices signaled Tuesday they might not allow investors to sue bankers and other outside businesses that may have played key roles in a company's scheme to inflate its value. The justices heard arguments in a closely watched case involving Charter Communications Inc. that asks who can be sued for a stock fraud -- just the company that perpetrated the fraud or all those who participated in its fraudulent scheme?