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Reuters reports Paul Allen’s Charter is preparing bankruptcy filing 01.30.2009 Reuters was first to report late on Jan 30 that U.S. cable television system operator Charter Communications, struggling with a $21 billion debt load, is preparing a bankruptcy filing. The action comes after the company missed a $73.7 million interest payment in mid-January. Battered shares of Charter, whose largest single investor is Microsoft Corp co-founder Paul Allen, fell an additional 17 percent to 7 U.S. cents after the news. Reuters Firsts will need at least flash player 9 to give you the full experience. The latest Flash player can be downloaded here	firsts across any industry Commodities & Energy Energy, metals, agricultural and environmental markets FX & Money Markets Macroeconomics, monetary policy, FX and money markets Politics & Risk Politics and political risk Equity & Derivatives Companies, sectors, M&A and the financial industry Fixed Income Sovereign and corporate debt, credit, and ratings firsts by region Americas View stories from this region Europe / Middle East / Africa View stories from this region Asia View stories from this region Emerging Markets View stories from this region

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Companies, sectors, M&A and the financial industry

Reuters reports Paul Allen’s Charter is preparing bankruptcy filing

01.30.2009

Reuters was first to report late on Jan 30 that U.S. cable television system operator Charter Communications, struggling with a $21 billion debt load, is preparing a bankruptcy filing. The action comes after the company missed a $73.7 million interest payment in mid-January. Battered shares of Charter, whose largest single investor is Microsoft Corp co-founder Paul Allen, fell an additional 17 percent to 7 U.S. cents after the news.

Reuters Firsts will need at least flash player 9 to give you the full experience. The latest Flash player can be downloaded here