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Charter Communications, Inc. to Redeem Series A 15% Payment-in-Kind Stock of Charter

April 1, 2010

Charter Communications, Inc. today announced that notice of redemption was provided to the holders of record of Series A 15% Payment-in-Kind Preferred Stock of Charter (the "PIK Preferred Stock").

On the redemption date, April 16, 2010, Charter will redeem all 5,520,001 shares of the PIK Preferred Stock. On April 16, the redemption date, the dividends on the PIK Preferred Stock will cease to accrue. The redemption payment will be $25.948 per share for a total redemption payment for all shares of PIK Preferred Stock of approximately $143.2 million and will be funded by cash currently held at Charter Communications, Inc.

About Charter Communications

Charter Communications, Inc. (BULLETIN BOARD: CCMM) is a leading broadband communications company and the fourth-largest cable operator in the United States. Charter provides a full range of advanced broadband services, including advanced Charter Cable™ video entertainment programming, Charter Internet™ access, and Charter Phone™. Charter Business® similarly provides scalable, tailored, and cost-effective broadband communications solutions to business organizations, such as business-to-business Internet access, data networking, video and music entertainment services, and business telephone. Charter’s advertising sales and production services are sold under the Charter Media® brand. More information about Charter can be found at


This release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended (the "Securities Act"), and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), regarding, among other things, our plans, strategies and prospects, both business and financial. Although we believe that our plans, intentions and expectations reflected in or suggested by these forward-looking statements are reasonable, we cannot assure you that we will achieve or realize these plans, intentions or expectations. Forward-looking statements are inherently subject to risks, uncertainties and assumptions, including, without limitation, the factors described under "Risk Factors" from time to time in our filings with the Securities and Exchange Commission ("SEC"). Many of the forward-looking statements contained in this release may be identified by the use of forward-looking words such as "believe," "expect," "anticipate," "should," "planned," "will," "may," "intend," "estimated," "aim," "on track," "target," "opportunity" and "potential," among others. Important factors that could cause actual results to differ materially from the forward-looking statements we make in this release are set forth in other reports or documents that we file from time to time with the SEC, and include, but are not limited to:

  --  our ability to sustain and grow revenues and cash flows from operating
      activities by offering video, high-speed Internet, telephone and other
      services to residential and commercial customers, and to maintain and
      grow our customer base, particularly in the face of increasingly
      aggressive competition and the difficult economic conditions in the
      United States;
  --  the impact of competition from other distributors, including but not
      limited to incumbent telephone companies, direct broadcast satellite
      operators, wireless broadband providers, and digital subscriber line
      ("DSL") providers and competition from video provided over the
  --  general business conditions, economic uncertainty or downturn and the
      significant downturn in the housing sector and overall economy;
  --  our ability to obtain programming at reasonable prices or to raise
      prices to offset, in whole or in part, the effects of higher
      programming costs (including retransmission consents);
  --  our ability to adequately deliver customer service;
  --  the effects of governmental regulation on our business;
  --  the availability and access, in general, of funds to meet our debt
      obligations, prior to or when they become due, and to fund our
      operations and necessary capital expenditures, either through (i) cash
      on hand, (ii) cash flows from operating activities, (iii) access to
      the capital or credit markets including through new issuances,
      exchange offers or otherwise, especially given recent volatility and
      disruption in the capital and credit markets, or (iv) other sources
      and our ability to fund debt obligations (by dividend, investment or
      otherwise) to the applicable obligor of such debt; and
  --  our ability to comply with all covenants in our indentures and credit
      facilities, any violation of which, if not cured in a timely manner,
      could trigger a default of our other obligations under cross-default

All forward-looking statements attributable to us or any person acting on our behalf are expressly qualified in their entirety by this cautionary statement. We are under no duty or obligation to update any of the forward-looking statements after the date of this release.

First Call Analyst:
FCMN Contact:

SOURCE: Charter Communications, Inc.

CONTACT: Anita Lamont, +1-314-543-2215, for Charter Communications,