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Tag Archives: Paul Allen

Charter’s bankruptcy cedes Allen’s control, JPMorgan says

Charter Communications’s bankruptcy will shift control from Chairman Paul Allen, prompting a default under an $8.5 billion loan and making the company’s reorganization untenable, JPMorgan Chase & Co. said. Charter, the fourth-largest U.S. cable company, filed for bankruptcy last week ...

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Charter to file bankruptcy as part of restructuring

Charter Communications, the money-losing cable-television company, said it plans to file for Chapter 11 bankruptcy as part of a financial restructuring on or before April 1. Charter said Thursday in a statement that it reached an agreement with a committee ...

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