Andrew I. Lerner: Charter 11

Thursday, February 12, 2009

Charter 11

Charter Communications will file for bankruptcy
February 12, 2009 — 3:02pm ET By Pete Wylie
Charter Communications said Thursday it would file for Chapter 11 bankruptcy protection by April 1 and all shareholders' equity will be canceled. All company operations will continue while the company refinances its debt.
Charter subsidiaries missed debt interest payments of $74 million on Jan. 15, prompting Moody's to downgrade their debt rating and state that the company would likely have to file for Chapter 11 protection.
All debt holders will be compensated fully, and Microsoft co-founder Paul Allen will remain the largest voting interest in the company. The company expects savings of $8 billion from the restructuring.
Today is the first day that I am not working for Charter.

No comments:

Post a Comment

Please read + VOTE below.

Please place your cursor arrow onto the little white boxes below, next to the letter, that represents your selection. Press down to click. A counter will show your VOTE!

Please read the information below. Left click on all of the posting titles, pictures, and underlined blue words. Please click below, on "Comments, Reactions, + Feedback", below, each posting. You can read reviews, and or write your own reply. I look forward to it.

Please use search boxes above, read below, click "Comments" + boxes below each posting. I crave your feedback. How do you rate this blog?

Previously: A=Funny 2 (11%) B=Informative 8 (47%) C=Clever 7 (41%) D=Distasteful 3 (17%) E=Excellent 2 (11%) F=Frivolous 3 (17%)

Directions, Help, + Instructions.

Thank you for visiting and reading. Click on "reactions" below each posting, to reply with your comments and feed-back. Also, read any replies to my postings that have been left. Updates, that were unread, have words changed to the red color. If it is in red, it may not have been read.

Please click on the links below "NEAR SIGHTS", in the left column for instructions, and other pages. Click on any character, letter, number, word, phrase, sentence or title that the following happens:

1) It is a different color than the normal text, which currently means blue.

2)Your cursor turns from an arrow to a hand when placed over these (characters)

3) When placing the cursor on the (hyperlink), an underline appears or changes color.

Please click on the "reactions" link below, and following each story or post on this site. You can then type your comments and feedback. You can also click an icon, to foward a copy of the posting, via an email, to anybody you want! That icon looks like an envelope, with a right arrow on it.

To the left of my entries in this blog, are previous older postings, listed by archive dates. Click on those in "Hind Sight", to see unread notices. My previous posts are updated, with the additions and revisions changed to the color red. "If it is in red, you may not have read it".

Please continue to keep scrolling down this very long page to see everything. On the bottom of this and all blog entries, is date of which it was posted, and a permanent link to that specific entry.

Unless otherwise specified, the boxes below each post correspond to the following choices: A) Funny. B) Informative. C) Clever. D) Distasteful. E) Excellent. F) Frivolous. For more information, click here.

Andrew I. Lerner

Thursday, February 12, 2009

Charter 11

No comments:

Odie

Andrew Lerner view in sight.