Cable company to file for bankruptcy

By Geert De Lombaerde Posted on February 12, 2009 at 2:39 pm

Two weeks after reports of debt troubles first surfaced, Charter Communications says it will file a reorganization plan by April 1.

“The restructuring was coming one way or another,” Matt Dundon, managing director of distressed analysis at Miller Tabak Roberts Securities, said in a phone interview. “Even with the $8 billion debt reduction figure, the company is still heavily indebted and vulnerable to further restructuring if EBTDA takes a turn for the worse.”

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Tags: bankruptcy, cable TV, Charter Communications Holdings Inc., debt, telecommunications  

Report: Charter cable firm ready to file for bankruptcy

By Geert De Lombaerde Posted on January 30, 2009 at 7:46 pm

Reuters reports that the nation’s fourth-largest cable company missed a debt payment this month and is talking to bondholders about a restructuring. Between Tennessee and Louisiana, Charter has more than 500,000 customers.

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Tags: bankruptcy, broadcasting, cable TV, Charter Communications Holdings Inc.