S&P revised its outlook on Charter [CHTR] to "positive" from "developing," based on the MSO’s improved maturing profile following its April ’04 refinancing. Operating improvement and a slowing rate of basic sub losses also factored into the revision. "Nevertheless, the ratings are still dominated by very high financial risk from elevated leverage, negative discretionary cash flow, and pressure from rising debt maturities, including $588mln in convertible debt due in ’05," S&P said.

The Daily


CMG Says DISH is Misleading Customers

Cox Media Group has sent a cease-and-desist letter to DISH requesting that the satellite provider take back a number of claims about why 12 CMG stations went dark on Monday. CMG said DISH was intentionally

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