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.
February 13, 2009 |
Struggling Charter Communications Inc., the nation's fourth-largest cable operator, said Thursday that it planned to file a prearranged Chapter 11 bankruptcy by April 1. Charter, which is controlled by Microsoft Corp. co-founder Paul Allen, said it had reached an agreement in principle with holders of $8 billion in debt, who will give up repayment of their debt.
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.
November 1, 2007 |
Irell & Manella, a prominent Southern California law firm, must face a lawsuit by Charter Communications Inc. for $150 million in damages over claims the firm mishandled the acquisition of a cable system in 1999. U.S. District Judge Andrew Guilford, in a ruling filed late Tuesday in Santa Ana, denied Irell's request to dismiss the case. The firm had argued that it couldn't defend itself adequately because Charter Chairman Paul Allen, Microsoft Corp.'s co-founder, is one of its clients.