Posts Tagged ‘Charter Cable’

Charter Cable wants to emerge from bankruptcy this summer

July 25, 2009

Checking in on Charter: A judge has allowed Charter Communications Inc. (Nasdaq: CHTR) to extend its bankruptcy “exclusivity period” through Nov. 22 amid opposition from lenders about the MSO’s reorganization plan.

 Those lenders have raised questions as to whether Charter’s plan violates its original loan agreements. Charter, which is looking to trim about $8 billion in debt through plan, has high hopes to emerge from bankruptcy this summer.”

Article:

Rochester’s Charter cable renewal raises questions

July 9, 2009

Commenters point out that the notion of a “non-exclusive” franchise mentioned below is a bit Orwellian.  How realistic is it for Charter competitor to enter the Rochester market?

“Rochester’s non-exclusive franchise agreement with Charter Communications to provide cable TV service in the city remains in effect despite the company’s declaration of bankruptcy in March.

The city council voted 7-0 on Monday to continue its arrangement with Charter, which has five years to go under a 15-year franchise agreement with the city.

The company is reorganizing following the bankruptcy declaration. The city’s decision has no implications for local channel offerings, public access or franchise fees, said City Attorney Terry Adkins.

A common misapprehension regarding Rochester’s single cable company is that it is a monopoly with exclusive rights in this market. Not true, Adkins said. Federal law would prohibit that sort of arrangement. Any competitor can offer cable service here.

“As long as they can meet the qualifications by being able to provide the service, we must allow them,” Adkins said.”

Article:

Objections to Charter Cable bankruptcy plans

April 25, 2009

Maybe there is hope for change:

“The U.S. Trustee, a Justice Department agency that oversees bankruptcies, objected to documents filed by bankrupt U.S. cable TV operator Charter Communications (CHTRQ.PK) explaining its reorganization plan, court documents show.

In a filing with the U.S. Bankruptcy Court for the Southern District of New York on Thursday, the U.S. Trustee said the Charter’s disclosure statement is “deficient” and “fails to contain adequate information.”

Article:

Bankruptcy hasn’t improved Charter’s service

April 18, 2009

Here is a visual display of a Charter Communication’s install.  Note the cable wrapped around the covered air conditioner unit that later this year will be uncovered.

CreditCrunch posting

Charter Cable files bankruptcy today

March 28, 2009

The company also announced that it expects to operate normally during the reorganization period.  Even with its stock closing yesterday at less than 3 cents a share.

Article

Charter Communications to file for bankruptcy

February 12, 2009

Charter Communications announced it is filing Chapter 11 bankruptcy.  While they claim they will file before April 1st, I wonder if the announcement is enough to stay their interest payment which they missed and which was to cause them to default on Feb. 15th?  The company is looking to  shed $8 billion in debt but that still leaves them with reportedly another $13 billion.

Article:

Charter cable: bankruptcy declared today?

February 2, 2009

I was sure it would be last week but this news reports says they are doing the paperwork as I write…

News alert

Charter Communications: more layoffs

January 31, 2009

49 Charter Cable workers staffing the Bay City Michigan welcome center will be out of jobs next month.  The company is trying to find other positions for them but given the tenuous state of the company; the likelihood of  iminent bankruptcy, a position at a different company might be more secure.

Article

Report: Charter Cable filing bankruptcy soon

January 23, 2009

Will it be Chapter 7 liquidation or Chapter 11 reorganization?   I suppose it depends on the continued patience of their key creditors.

Article

Charter Cable: Twittering customers

January 17, 2009

Charter has been rated the worst company for customer service, has been sued for bad customer service, is defaulting on its loans and is carrying $21 billion in debt.

Not a pretty picture.

Now you can check out what people on Twitter think of them.  Hint: not good.

Charter Cable on Twitter: