| unlikely to disappear completely A lot of people seem to be under the impression that Chapter 11 bankruptcy protection means that Charter is shutting its doors and will sell off everything to Comcast and/or Time Warner. Chapter 11 allows a company time to reorganize debt and negotiate with bondholders in order to balance debt-income ratio and gain cash for day-to-day running of operations. Sure, it's possible, but unlikely. TWA went in and out of Chapter 11 twice, and after that it took 5 years before being bought by American Airlines.
If anything, I think this will help the company. It will give it more cash to invest in upgrades like more reliable internet and more TV channels. Unfortunatly I can see potential lay-offs, especially for non-technical employees and those that don't directly make money for the company, such as quality auditers, some mid-level management, HR/Administrative etc. |
