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12.29.2008 4:48 pm

Charter downgraded by Citi due to rising bankruptcy worry

St. Louis Post-Dispatch

Charter Communications Inc. was downgraded this morning by Citi, which dramatically increased its probability rating for bankruptcy for the Town and Country-based cable company.

Citi now says there is a 75 percent chance that Charter will face bankruptcy next year. Previously, the firm…

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09.30.2008 11:39 am

Stock sagging, Charter CEO Smit gets a raise

St. Louis Post-Dispatch

On a day when its stock price is pushing an all-time low, Charter Communications Inc. is giving Chief Executive Neil Smit a raise.

Neil Smit

In a Securities and Exchange Commission filing, Town and Country-based Charter announced a new employment agreement with Smit through June 30, 2010.…

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09.30.2008 10:57 am

Charter to repurchase $100 million in debt

St. Louis Post-Dispatch

Charter Communications Inc.,  which had more than $20 billion of long-term debt at the end of the second quarter, said it will repurchase up to $100 million in debt securities to reduce interest expenses.

The Town and Country-based cable operator, controlled by billionaire…

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09.29.2008 4:30 pm

Dolgen resigns from Charter board

St. Louis Post-Dispatch

Charter Communications Inc., the nation’s No. 4 cable company, said media executive Jonathan L. Dolgen resigned from its board, effective immediately.

Dolgen, formerly chairman and CEO  of Viacom Entertainment Group,  left for “personal reasons and to make time available for other interests,…

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02.27.2008 7:57 am

Charter 4Q revenue rises 10 percent; net loss rises 18 percent

St. Louis Post-Dispatch

Charter Communications this morning reported that its fourth-quarter revenue rose 10 percent to $1.5 billion, but its losses increased 18 percent.

The Town and Country-based cable provider said its average revenue per customer increased 13 percent compared with fourth quarter 2006,…

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