Yahoo/Briefing In Play: 7:23 AM, Charter Communications in the NY Post, Wall Street Journal(CHTR)1.14: The New York Post reports that Paul Allen is bringing in his own restructuring experts to protect his personal interests in CHTR in a desperate effort to save what's left of his original $ 7.6 billion investment (now worth just $ 400 million). Separately, the Wall Street Journal's "Heard on the Street" column notes that the company's cash before interest and capital expenditures isn't growing enough to service its debt, and a balance-sheet restructuring is likely to come sooner than later.
Charter re-structuring in the news
Member #: 7292
Registered: 1996-2001
Posted:
162
Name:
Joseph P. Baldwin
Name:
Joseph P. Baldwin
Company:
The Cable Connection
Occupation:
Owner
Location:
Wilmington, NC
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