Charter Communications

Charter Communications is a U.S. cable TV operator and telecommunications company. The St. Louis-based company is controlled by Microsoft co-founder Paul Allen.

On March 27, 2009, the company officially filed for bankruptcy. Charter reported that it plans to continue operating through its restructuring to reduce its debt by $8 billion.CNN: UPDATE: Charter Communications Files For Chapter 11 Bankruptcy (March 27, 2009)

Charter Statement

"The purpose of Charter's financial restructuring is to strengthen its balance sheet in order to fully support the Company's operations and service its debt. As such, the agreement-in-principle contemplates paying trade creditors in full."Charter Communications: Charter Communications Reaches Agreement...

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What is a prearranged bankruptcy?(1 Answer)

A: From a Tri-City Herald article on Charter: In a prearranged bankruptcy, a company enters into reorganization with a plan to emerge that has the approval of major stakeholders.

Is it legal for Charter to charge me a $35 fee to turn off my tv cable services? I was NEVER advised of that! I kept their HSI.(2 Answers)

A: You may have to reread the terms of service. Sometimes it's buried deep in the terms. By signing the installation paperwork you agreed to the TOS. It ...

Do you feel private schools or Charter schools are safer for you child to learn? I prefer a Charter Schools over public school.(0 Answers)

A: No answers yet.

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Fast Facts

Stock symbol (NASDAQ)

CHTR
Founded

1993
Headquarters

St. Louis, Missouri
Fact:

Provides cable, Internet and other broadband services
Fact:

Fourth largest cable operator in the United StatesCNNMoney.com: Charter Communications to file for Chapter 11
Fact:

Third largest publicly traded cable companyCNNMoney.com: Charter Communications to file for Chapter 11
CEO

Neil Smit
Chairman

Paul AllenAbout Charter
Fact:

Allen is also Charter's largest shareholderCNNMoney.com: Charter Communications to file for Chapter 11
Fact:

5.5 million customers in 27 U.S. statesAbout Charter
February 12, 2009

Announced plans to file a prearranged Chapter 11 bankruptcy by April 1, 2009
Fact:

Charter has not recorded a profit since going public in 1999Los Angeles Times: Cable operator Charter Communications to file Chapter...
Fact:

Company lost nearly $1 billion in the first three quarters of 2008Bloomberg.com: Charter to File Bankruptcy as Part of Restructuring (February 12, 2009)

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