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The Irony Of It All
Brad Hollerbach

TWENTY-ONE BILLION DOLLARS IN DEBT:
Charter Likely To Declare Bankruptcy

Posted Wednesday, January 21, 2009, at 2:04 PM

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  • A company that charges way too much for mediocre services is going bankrupt? WOW!

    Too bad that every area can't be a monopoly for Charter!

    -- Posted by gehagge1 on Thu, Jan 22, 2009, at 1:24 PM
  • wow- I never thought I would agree with Megalomania but this time I do.

    -- Posted by Skeptic1 on Thu, Jan 22, 2009, at 4:49 PM
  • This will put many in our area out of work.

    One of NARS' biggest customers is Charter!

    -- Posted by thegreatmosely on Thu, Jan 22, 2009, at 7:55 PM
  • At this point, I wouldn’t bet that Charter potentially filing for bankruptcy would put anyone out of work. I imagine they would go through Chapter 11 reorganization rather than Chapter 7 or Chapter 13 liquidation.

    The people or organizations who would be likely be hardest hit by a bankruptcy filing in this case, would those persons or institutions who own those junk bonds. I can’t imagine how any of the “financial experts” out there could have ever thought that Charter’s bonds were a wise investment decision. I guess greed clouded their vision like so many others on Wall Street.

    Thanks for reading.

    -- Posted by Brad_Hollerbach on Fri, Jan 23, 2009, at 9:36 AM
  • I bet the CEO of Charter gets his $$ every week!! And then will get a healthy incentive bonus for all his hard mediocre management style!

    -- Posted by mohacker on Fri, Jan 23, 2009, at 10:50 AM
  • I had not seen the story about the FCC fine. Here's a brief bit about it.

    http://www.bizjournals.com/stlouis/stories/2009/01/19/daily23.html

    Basically, the FCC is taking exception to cable companies moving channels to more expensive digital tiers forcing customers to pay more for the content.

    I really wish we could pay for just the channels we wanted. But then we'd all pay less monthly, and the cable companies would have less overall revenue. That's not good for their bottom line.

    Thanks for reading.

    -- Posted by Brad_Hollerbach on Fri, Jan 23, 2009, at 3:53 PM
  • how can Charter be a monoply when you have other choices? there is two different kinds of dish companies and now with ATandT coming this year with Uverse you can't really say that. and by the way how about some petty for the local workers of Charter, it's not their fault the BIGHEADS have caused these problems, quit taking it out on them, they are just trying to do their jobs, Cape office was open all week through these storms so thank them dont abuse them, and if you think Charter sucks then switch. youre an adult make a decision.

    -- Posted by yellowrose on Fri, Jan 30, 2009, at 9:32 PM