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Paul Allen sells Charter stock for almost nothing

“How do you make a small fortune in the cable industry? If you’re Paul Allen, you start with avery large fortune. A recent filing reporetedly shows that Allen ditched about 28.5 million shares ofCharter Communications Inc. (Nasdaq: CHTR) stock for less than $1,000. That equates to mce_marker.000035 per share in the debt-laden MSO, which is trying to get out of bankruptcy. ”

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This entry was posted on June 21, 2009 at 3:00 pm and is filed under Company News. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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