charter

Everyone’s favorite former local internet monopoly Charter, posted a loss of $85 Million dollars last quarter, bringing their total loses for 2010 to a whopping $237 Million. All this, just a year after Charter filed for bankruptcy. Things are going just great according to Charter though, you see the secret is playing high school basketball games. There’s you’re big ticket TV right there. Charter is banking on big gains from their commercial business, but it’s pretty damn clear what Charter needs to do to get back in the black: Chalk Talk needs to get back on the air. [Read More]

Maybe you haven’t heard because you only use your computer for Facebook and sending people eCards and viruses, but Google threw it out there a few weeks ago that they are trying to get in to the crazy-fast internet service game and basically said “Hey, United States cities? You want it? Show me what you got.” Which prompted just about every city in the union to lose their shit trying to convince Google to go to the internet prom with them. [Read More]

Remember like a year ago when Charter started the whole bankruptcy proceedings? Well now its almost over. Charter Communications Inc. says a bankruptcy judge has confirmed its reorganization plan, clearing the way for the nation’s fourth largest cable TV operator to emerge from Chapter 11 in a few weeks. Charter said the plan whittles its debt burden by about $8 billion, leaving $13 billion. Bondholders who agreed to swap their $8 billion of debt will end up owning nearly all of the post-bankruptcy company. [Read More]

Charter, everyone’s favorite St. Louis cable monopoly, has filed for bankruptcy. From STLToday.com: Cable operator Charter Communications Inc. says it will file Chapter 11 bankruptcy reorganization documents by April 1. As part of an agreement with debt holders, they will be paid in full and Paul Allen will maintain the largest voting interest in the company. In a stark contrast to Monopoly rules, Charter will continue its “service” after filing for and throughout the bankruptcy process. [Read More]

So our buddies at everyone’s favorite St. Louis based cable company, Charter, didn’t play nice when the FCC tried to look in to some complaints against them and now they are being fined and getting their finger wagged at them by them by outgoing FCC chief Kevin Martin. From bizzjournals.com: The FCC is examining a practice of transferring analog channels to a more expensive digital tier, which prompted 600 complaints, according to a letter Monday to congressional leaders from outgoing FCC Chairman Kevin Martin. [Read More]