electronista.com - 3/27/2009
—
Charter today said it had filed for Chapter 11 bankruptcy. The anticipated move will see the cable and Internet provider restructure itself under a plan that it had already established ahead of the actual filing to recover its operations. Under the...
Comments
Blog Reactions
Charter telecoms files for bankruptcy
SlashGear —
... overnight decision, however. Charter came to this decision after several quarters of losses. This resulted in a loss of $1.5 billion by the end of last year!
Since Charter is a smaller company, they did not fare as well as some of the larger telecoms during this recession. Current employees don’t need to worry at this moment, however, as their pay rates will remain the same. Paul Allen, the co-founder of Microsoft will also stay on with his stake in the company.
[via Electronista] ...
Related Content
Circuit City files for Chapter 11 bankruptcy
| U.S.
reuters.com 11/10/2008 — NEW YORK (Reuters) - Circuit City Stores Inc, the No. 2 U.S. consumer electronics retailer, filed for bankruptcy protection on Monday just a few weeks before the start of the key holiday shopping season, becoming the largest retailer to file under ...
Cable Company Charter Filing For Bankruptcy
news.digitaltrends.com 2/12/2009 —
Cable operator Charter Communications—controlled by Microsoft co-founder Paul Allen—has announced it has reached a deal with investors to restructure the company under Chapter 11 bankruptcy protection. The deal will reduce Charter's debt by about $8 billion, ...
Polaroid files for Chapter 11
edition.cnn.com 12/19/2008 — (CNN) -- Polaroid Corp. announced it was filing for Chapter 11 bankruptcy protection. The Minnesota-based company said it is taking itself and its subsidiaries into bankruptcy in order to restructure its finances."Our operations are strong and during ...
UPDATE 1-Ritz Camera files for Chapter 11 bankruptcy
reuters.com 2/23/2009 — NEW YORK, Feb 23 (Reuters) - Ritz Camera Centers Inc, which said it is the largest U.S. specialty camera and imaging chain, on Monday filed for Chapter 11 bankruptcy protection, hurt by the recession and consumers' shift to digital photography. The ...
Chrysler to file for a Chapter 11 bankruptcy
i4u.com 4/30/2009 — According to the WSJ Chrysler will file for a Chapter 11 bankruptcy. President Obama is set to speak at noon about the car industry.
The negotiations with lenders about cutting the debts have failed.
It tough to say what will happen with Chrysler u...
Chrysler Chapter 11 Bankruptcy: Fighting for a way out
product-reviews.net 5/28/2009 — Following on from our earlier stories on Chrysler and their Chapter 11 Bankruptcy problems, it’s been reported today after the court hearing that Chrysler are getting closer on securing a deal with Italian Automakers Fiat.
Attorneys inside the courts have been asking for the ...
Psystar Returns From Filing Chapter 11 Bankruptcy
coated.com 7/3/2009 —
Psystar, the Apple clone maker has successfully completed its corporate restructuring and has returned from filing chapter 11 bankruptcy. In an email newsletter that went out to their subscriber base, the company indicated that they are now ready to “emerge and again battle ...
Tribune Chapter 11 Bankruptcy Filing: Includes LA Times
product-reviews.net 12/8/2008 — Just hours after we reported that Tribune Co. had called in bankruptcy advisers and were looking at their options, we now hear they have filed for Chapter 11 bankruptcy in a Delaware court.
There were other options on the table for Tribune Co. but it looks like they have gone the way that ...
Follow GadgetBlips on Twitter
