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.

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Friday–January 10

Off the Menu: What Venu’s Demise Really Means

The words “shocker” and “stunning” have been thrown around a lot following the news that Disney, Fox Corp. and Warner Bros. Discovery are discontinuing plans to launch streaming sports venture Venu Sports, but there have been some red flags on the field since its genesis.

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