Cable company controlled by Microsoft co-founder Paul Allen aims to shed $8 billion in debt through bankruptcy filing.
By Aaron Smith, CNNMoney.com staff writer
Last Updated: February 12, 2009: 2:31 PM ET
NEW YORK(CNN Money) -- Charter Communications, a provider of cable TV, Internet and other broadband services, said on Thursday that it will file for bankruptcy, as part of a "financial restructuring."
The St. Louis-based company said it planned to reduce its debt by $8 billion as a result of a Chapter 11 filing. The company added it intended to file on or before April 1.....For Complete Article, Click On Link Below
http://money.cnn.com/2009/02/12/news/companies/charter_communications/?postversion=2009021214
No comments:
Post a Comment