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

Cable One announced eight schools and organizations serving K-12 students in communities served by Cable One’s brands that will

Read the Full Issue
The Skinny is delivered on Tuesday and focuses on the cable profession. You'll stay in the know on the headlines, topics and special issues you value most. Sign Up


Jul 16
Diversity List – 2021 Nominations Due: July 16, 2021
Sep 10
Most Powerful Women – 2021 Nominations Due: Sept 10, 2021
Dec 7
Most Powerful Women CelebrationSave the Date!
Full Calendar


Seeking an INDUSTRY JOB?

Hiring? In conjunction with our sister brand, Cynopsis, we are offering hiring managers a deep pool of media-savvy, skilled candidates at a range of experience levels and sectors, The result will be an even more robust industry job board, to help both employers and job seekers.

Contact for more information.