Advertisement
 
YOU ARE HERE: LAT HomeCollectionsCharter Communications Inc
IN THE NEWS

Charter Communications Inc

FEATURED ARTICLES
BUSINESS
November 1, 2006
Charter Communications Inc. reported a $133-million third-quarter loss because of debt repayments. The loss of 41 cents a share contrasted with net income of $76 million, or 9 cents, a year earlier. St. Louis-based Charter -- which serves Pasadena, Burbank, Glendale and Long Beach -- said sales rose 9.7% to $1.39 billion as it added phone service customers.
ARTICLES BY DATE
ENTERTAINMENT
February 13, 2014 | By Ryan Faughnder
Comcast's blockbuster deal to buy Time Warner Cable has ignited speculation among Wall Street analysts about further consolidation in the media industry.  Investors have long anticipated merger agreements between Dish and DirecTV on the satellite side, as well as Sprint and T-Mobile on the wireless service provider side, and are now pondering what's next. The deal also raises questions about future moves by Cox Communications and the jilted Charter Communications, which was in the process of its own takeover attempt of Time Warner Cable.
Advertisement
BUSINESS
March 2, 2005
Charter Communications Inc. said its fourth-quarter loss widened as customers defected to satellite TV. Charter said 83,100 customers quit its basic cable service during the quarter, more than double the number analysts expected. The quarterly net loss widened to $339 million, or $1.12 a share, from $57 million, or 20 cents, a year earlier, the company said. Sales increased 4.8% to $1.28 billion.
BUSINESS
March 21, 2009 | Bloomberg News
Apollo Management, the buyout firm run by Leon Black, is in talks to take a stake in Charter Communications Inc. as part of the cable company's bankruptcy reorganization, a person familiar with the matter said Friday. Apollo would convert its bonds into equity as part of Charter's debt restructuring, said the person, who asked not to be identified because the discussions are private. Billionaire Paul Allen, Charter's chairman and co-founder of Microsoft Corp., would retain voting control.
BUSINESS
July 31, 2001 | Bloomberg News
Charter Communications Inc., the cable-television operator controlled by billionaire Paul Allen, had a wider second-quarter loss on spending to upgrade systems for digital TV and fast Internet service. The fourth-biggest U.S. cable provider's loss widened to $273.9 million, or $1.07 a share, from $196.8 million, or 89 cents, a year earlier. Sales rose 17% to $928.5 million. The per-share loss was narrower than the $1.14 average estimate of seven analysts polled by First Call/Thomson Financial.
BUSINESS
July 28, 2004 | Sallie Hofmeister, Times Staff Writer
The Securities and Exchange Commission on Tuesday settled its 18-month investigation into how Charter Communications Inc., the nation's third-largest cable operator, counts its customers. Charter, controlled by Microsoft Corp. co-founder Paul Allen, neither admitted nor denied any wrongdoing. Charter was not fined as part of the settlement and agreed not to violate U.S. securities laws in the future. The settlement closes one chapter in a federal probe into the accounting practices of St.
BUSINESS
July 29, 1999 | SALLIE HOFMEISTER, TIMES STAFF WRITER
In what could be one of the largest initial public offerings ever, Charter Communications Inc., the cable television company controlled by computer billionaire Paul Allen, said Wednesday that it plans to raise $3.45 billion through the sale of stock. The IPO could be a boon for Los Angeles, where Charter plans to increase its cable systems holdings to become one of the area's largest operators.
BUSINESS
August 10, 2005 | From Associated Press
Charter Communications Inc. has turned to an executive from rival cable TV operator Time Warner Inc. for its new chief executive. The St. Louis company named Neil Smit as CEO, replacing interim chief Robert May.
BUSINESS
May 4, 2007 | From Bloomberg News
Charter Communications Inc., the cable television company controlled by billionaire investor Paul Allen, reported a narrower first-quarter loss as it sold more packages of TV, telephone and Internet services. The net loss was $381 million, or $1.04 a share, down from $459 million, or $1.45, a year earlier. St. Louis-based Charter's sales rose 8% to $1.43 billion. Shares of Charter jumped 12 cents to $3.39.
BUSINESS
January 5, 2005 | From Associated Press
Onetime Charter Communications Inc. executive James Smith III pleaded guilty to federal fraud charges, becoming the third former executive of the cable TV company to admit to a scheme to defraud investors by inflating subscriber numbers. Smith, 56, was among four former executives indicted in July 2003. He was scheduled to face trial Feb. 7. He pleaded guilty to conspiracy to commit wire fraud and was scheduled to be sentenced April 1.
BUSINESS
March 17, 2009 | Associated Press
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.
BUSINESS
February 13, 2009 | Associated Press
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.
BUSINESS
August 6, 2008 | From Times Wire Services
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.
BUSINESS
January 25, 2008 | From the Associated Press
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.
BUSINESS
November 9, 2007 | From Times Wire Services
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.
BUSINESS
November 1, 2007 | From Times Staff and Bloomberg News
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.
BUSINESS
March 19, 2003 | From Bloomberg News
Charter Communications Inc. Treasurer Ralph Kelly resigned amid an internal review of the company's accounting practices and a federal investigation. Kelly is the fourth officer to leave since the company in August disclosed the U.S. investigation of whether it improperly accounted for subscribers and capital expenditures. Shares of St. Louis-based Charter fell 3 cents to 89 cents on Nasdaq.
BUSINESS
October 10, 2007 | David G. Savage, Times Staff Writer
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?
Los Angeles Times Articles
|