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Charter Posts Wider Quarterly Loss – As bankrupcty filing approaches…
In: Communication|Computer|Hardware|Site Feeds|Software|VoIP
17 Mar 2009
Charter Communications has issued their fourth quarter earnings, which indicate that the financially-troubled company saw a wider fourth quarter loss than a year ago — and that Charter subsidiary CCH II LLC would not be making a scheduled debt payment. Charter’s quarterly loss rose to .5 billion, or .96 per share, compared with a loss of 8 million, or .27 per share, a year earlier. Charter had earlier announced that they’d be filing for bankruptcy protection April 1, as part of a broad restructuring they claim will not impact their service to customers, but will reduce their debt load by approximately billion.
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