marigolds
Gainfully employed, finally
Premium,MVM
join:2002-05-13
Saint Louis, MO
| reply to fiberguy
Re: The outcome is not uncertain..
To add to this, people have to remember that the cable customers have extra protections too. If creditors did try to liquid Charter's infrastructure, the cities can cancel the sale and seize the plant. They have to pay the market value of the infrastructure, which would be dirt cheap by the time creditors are trying to liquidate. And, on top of that, the content providers have to honor the existing contracts with the cities. The cities meanwhile can turn around and sell the seized plant and provider contracts to a new company, which then assumes the existing franchise.
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