Rumors. Denials. Desires. What's it all mean? You don't have to wait and tune in tomorrow to find out. Read on.
Troubled cable operator Charter Communications
The company has approved a series of provisions in recent days to make it more difficult for someone to try and acquire the company, as speculation of a takeover has grown. Executives at Time Warner Cable
Of course, this isn't the first time Allen has mulled the possibility of taking the company private. In 2002 he filed a similar report with the SEC.
Yet even if Time Warner or Comcast
Yet there's been a little bit of a spark in the company lately. Revenues from Charter's 5.7 million subscribers have been increasing, rising 8.4% in the latest quarter, and its losses narrowed somewhat to $360 million, from $382 million a year ago.
Although Allen's controlling position means he gets whatever he wants, until recently, CEO Neil Smit was specifically squashing such buyout rumors. At the time, Smit said that if anyone would be bought out, Charter would do the buying. Considering its financial predicament, that would seem to be a bit of posturing on management's part, and in light of Allen's history of head-faking going-private talk, it would seem to be much ado about nothing.
With Charter Communications' stock falling today, the day after Allen's filing, it would seem that the market isn't putting much credence into the scenario, either.
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