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.

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Thursday–April 23

Charter, Comcast, Liberty Global Talk Cable’s Competition

It’s a very busy Thursday for the Syndeo Institute at The Cable Center. It’s not only hosting its annual Cable Hall of Fame celebration at the Ziegfeld Ballroom in NYC this evening, but also opened the day with an exclusive industry leadership forum just a few blocks away at the Paley Media Center.

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