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.
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?