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Liberty Media Buys 27% Stake in Charter
John Malone Gets a Seat on Company's Board
by Karl Bode 12:52PM Tuesday Mar 19 2013 Tipped by unoriginal See Profile
John Malone has made a wager that Charter Communications will thrive in currently rough seas. According to Bloomberg, Malone's Liberty Media will be taking a 27 percent stake in Charter for roughly $2.62 billion. As part of the deal, Liberty gets to assign four individuals to Charter's board of directors. After exiting bankruptcy in 2009, Charter has struggled with historically low customer satisfaction rankings, but is starting to see more positive cash flow under the watch of new CEO Tom Rutledge. Rutledge has been behind more than a few controversial moves of late, ranging from ceasing support of customer-owned modems to shutting down their entire "UMatter2Charter" social and online support department.

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grydlok

join:2004-01-06
Richmond, VA

Malone

He just wont leave tv alone.

hdman
Flt Rider
Premium
join:2003-11-25
Appleton, WI
Reviews:
·exede by ViaSat

Wait and see.....

Heck, Charter can't get any worse can they? Let see if new blood can actually make the company go in the RIGHT direction. Charter needs it.......
--
The proper way to break in a Harley: Grab a fist full of throttle, and ride it like you stole it!!!

Simba7
I Void Warranties

join:2003-03-24
Billings, MT

Re: Wait and see.....

said by hdman:

Heck, Charter can't get any worse can they?

Give 'em time. I'm sure they'll surprise you.
15444104
Premium
join:2012-06-11

I'm done NOW!

With the new obnoxiously customer UNfriendly CEO Tom Rutledge
things went from actually IMPROVING to now far WORSE than they were during the previous CEO's tenure.

From only two speed tier choices to, now horrible customer service, to other issues, I've had it.

"CHARTER----you're FIRED!"
TBBroadband

join:2012-10-26
Fremont, OH

Re: I'm done NOW!

becareful the "you're fired" is a trade mark of Fox and Trump.
15444104
Premium
join:2012-06-11

Re: I'm done NOW!

Not being used for profit, but for educational purposes only. Of course if Charter was a human being, the IQ would be about 40 so I doubt they are capable of learing anything. LOL

88615298
Premium
join:2004-07-28
West Tenness
said by 15444104:

With the new obnoxiously customer UNfriendly CEO Tom Rutledge
things went from actually IMPROVING to now far WORSE than they were during the previous CEO's tenure.

From only two speed tier choices to, now horrible customer service, to other issues, I've had it.

"CHARTER----you're FIRED!"

You've been saying that forever.
Chubbysumo

join:2009-12-01
Superior, WI

here is what Tom was preparing charter for

this is probably 1 of several buyouts that will occur while rutledge is CEO. He ran the company into the ground for this, and thanks to him, we have higher prices, less choices, and more fees.

UNSuser

@optonline.net

Larger play

This is probably all part of a larger strategy, it was mentioned that liberty gets to assign four individuals to the board, the rumors is, one of those is Mike Huseby, former Cablevision CFO....in my opinion, if CV goes on the sale block, charter will make a play for it.