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Charter Owns 20% Of Cable Industry’s Debt – But serves just 8% of all cable customers…

In: Communication|Computer|Hardware|Site Feeds|Software|VoIP

22 Dec 2008

Earlier this week we noted that Moody’s had downgraded Charter, while stating that default is imminent and bankruptcy is likely for Charter in 2009. Light Reading meanwhile notes that while Charter serves less than eight percent of the nation’s cable customers, it currently owns twenty percent of the entire cable industry’s debt load. So far, experts are claiming that Charter customers may not be impacted by a Charter re-organization, though many may be on networks that Charter chooses to sell off (which, depending who buys you, could be a good thing). One user directs our attention to the fact that Charter is selling 26 small market networks in Minnesota.
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