Charter has asked financial advisor Lazard to discuss with its bondholders financial alternatives to improve the MSO’s balance sheet—which currently counts approx $900mln in cash on hand and cash equivalents, and approx $21bln in debt. Such improvements "will better position Charter for the future while we continue to focus on delivering quality service to our customers and growing our business," said pres/CEO Neil Smit in a Fri release. This latest strategic move comes as Charter’s share price has plummeted to 13 cents, down from $1.17 in Jan, and amid its muddled long-term outlook. Execs have repeatedly said that solvency is guaranteed through ’09, but that ’10 remains a big question mark. The MSO’s bonds fell sharply Fri, according to Reuters.

The Daily


Doing Good

TDS donated $5000 to the beautification efforts in Carlsbad, New Mexico. Carlsbad

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