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RadioDoc
58ef2c0
Premium,ExMod 2000-03
join:2000-05-11
·AT&T Midwest

reply to fiberguy
Re: The outcome is not uncertain..

said by fiberguy See Profile :

There has never been a bankruptcy in the US for a cable provider that resulted in dark service.
There has never been an economic environment like the one Charter finds itself in for the last 80 years, either. The days of easy DIP financing and handshake bankruptcy deals are over. Advertising revenue is way down and Charter's chances of emerging as a viable company are very low.

fiberguy
My views are my own.
Premium
join:2005-05-20

I'm not saying that the company is guaranteed to remain in operation.. I'm saying that the "cable plant" or "system" will not go dark. As marigolds said below, it will remain operating, it just may not be under the name "Charter" any long.. it could be "XYY Municipal Cable" or "Cox" or someone else that may chose to buy the plant, in tact, for pennies on the dollar.

Personally, I don't think Charter is going to survive and will go the way of Adelphia. They're like the Federal Government and many states.. when they started bleeding, they're answer was to go after their remaining customer base and take more from them. Problem is that their prices were too high and the multiple increases was enough to push people to the satellite companies. The bled more, they continue to lose more. They could have cleaned up their act, face wise, lowered prices, and instead of trying to survive on quality (ie: larger bills from fewer customers) they could have gone after quantity (more customers, less $ per sub) Like I said.. same as the government.
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