Friday, February 13, 2009

Charter is Filing BK

Alex tweeted the story on Twitter: Charter to file for bankruptcy by April 1

Charter has bad service. $20B in debt. No cash. $14B in assets in need of a DOCSIS 3.0 upgrade. Missed a debt payment, so its off to court to seek bankruptcy protection. With about $6B in revenue, it still posted about $1.6B in debt in 2007. Not good.

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