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More Chapter 11 - 2/20/2009 1:53:59 PM   
camille65


Posts: 5746
Joined: 7/11/2007
From: Austin Texas
Status: offline 		Charter Communications :8 billion dollars in debt, goes poof thanks to Chapter 11.

http://money.cnn.com/2009/02/12/news/companies/charter_communications/index.htm?iref=werecommend

I do understand that companies get into trouble but it is really hard for me to understand an amount like... 8 billion.


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RE: More Chapter 11 - 2/20/2009 2:03:17 PM   
Vendaval


Posts: 10297
Joined: 1/15/2005
Status: offline 		Hi Camille,
 
We are going to see more and more of this in the months ahead.  Charter has a monopoly on Cable in this area and is noted for high prices and lousy service.  This result is not a surprise.  Thanks for posting the article.
 
Vendaval

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"Beware, the woods at night, beware the lunar light.
So in this gray haze we'll be meating again, and on that
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RE: More Chapter 11 - 2/20/2009 3:13:16 PM   
Lucylastic


Posts: 40310
Status: offline 		Isnt it called Creative accounting. How do you get into 8 billion dollars in debt without knowing.
And who LET them

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RE: More Chapter 11 - 2/20/2009 3:16:44 PM   
Vendaval


Posts: 10297
Joined: 1/15/2005
Status: offline 		Yeah, that's about the size of it, Lucy.  Wonder how much their executives took home after taxes in the past few years? 

_____________________________

"Beware, the woods at night, beware the lunar light.
So in this gray haze we'll be meating again, and on that
great day, I will tease you all the same."
"WOLF MOON", OCTOBER RUST, TYPE O NEGATIVE


http://KinkMeet.co.uk

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RE: More Chapter 11 - 2/20/2009 3:23:54 PM   
Lucylastic


Posts: 40310
Status: offline 		More than they deserved or worked for:)
Lucy

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<) )╯SUCH
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\(•_•)
( (> A NASTY
/ \

(•_•)
<) )> WOMAN
/ \

Duchess Of Dissent
Dont Hate Love

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RE: More Chapter 11 - 2/20/2009 4:27:15 PM   
camille65


Posts: 5746
Joined: 7/11/2007
From: Austin Texas
Status: offline 		Vendaval I had horrendous and costly issues with Charter until I was liberated from their clutches by escaping to Texas and into the arms of Time Warner.

On my admittedly petty side I am glad, I hate Charter and their legion of minions. On my realistic side I understand that this is just another domino in the financial tipping and I feel a bit ill about it.


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RE: More Chapter 11 - 2/20/2009 4:29:57 PM   
Vendaval


Posts: 10297
Joined: 1/15/2005
Status: offline 		I feel pretty much the same.  Charter is not a company I will support if given any alternatives but they employ many people who are going to have a real struggle if they fail entirely. 
 
How is life in Texas for you? 

_____________________________

"Beware, the woods at night, beware the lunar light.
So in this gray haze we'll be meating again, and on that
great day, I will tease you all the same."
"WOLF MOON", OCTOBER RUST, TYPE O NEGATIVE


http://KinkMeet.co.uk

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RE: More Chapter 11 - 2/20/2009 4:37:29 PM   
camille65


Posts: 5746
Joined: 7/11/2007
From: Austin Texas
Status: offline 		Texas is weird. That is my official opinion, but my experience is limited to Austin and 'Keep Austin Weird' is the city motto. 

I'm loving my Time Warner Cable, that's for sure.


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RE: More Chapter 11 - 2/20/2009 4:40:56 PM   
Vendaval


Posts: 10297
Joined: 1/15/2005
Status: offline 		Glad you are happy there.  Austin seems to be much different from the rest of the state.  Quite a few people from Southern Cal have relocated there and like it.

_____________________________

"Beware, the woods at night, beware the lunar light.
So in this gray haze we'll be meating again, and on that
great day, I will tease you all the same."
"WOLF MOON", OCTOBER RUST, TYPE O NEGATIVE


http://KinkMeet.co.uk

(in reply to camille65)
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RE: More Chapter 11 - 2/20/2009 6:57:34 PM   
corysub


Posts: 1492
Joined: 1/1/2004
Status: offline
quote:

ORIGINAL: camille65

Charter Communications :8 billion dollars in debt, goes poof thanks to Chapter 11.

http://money.cnn.com/2009/02/12/news/companies/charter_communications/index.htm?iref=werecommend

I do understand that companies get into trouble but it is really hard for me to understand an amount like... 8 billion.



That's a lot of money, for sure and, unfortunately, more to come.   Governments also get into trouble...and none of us have any understanding of $1,000,000,000,000, certainly I don't, ...and that's only for starters!!

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RE: More Chapter 11 - 2/20/2009 7:11:01 PM   
MasterG2kTR


Posts: 6677
Joined: 8/7/2004
From: Wisconsin
Status: offline 		I, unfortunately, am a Charter customer, and the way the ripoff and screw their customers, I find it hard to believe they have any debt. I am willing to bet it is only creative cooking of the books, which will allow the top dogs to get outrageous bonuses.

Vendaval is quite right that their rates are very high, and customer has to get a lot better just to qualify as lousy. When you need to add, move or change service, they are right on top of things and you get to talk to a real person. When you have any kind of service problems, you get to talk to an automated voice recongnition system.

I'd be a lot happier seeing them go into chapter 7!!

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RE: More Chapter 11 - 2/20/2009 9:47:12 PM   
UncleNasty


Posts: 1108
Joined: 3/20/2004
Status: offline
quote:

ORIGINAL: camille65

Texas is weird. That is my official opinion, but my experience is limited to Austin and 'Keep Austin Weird' is the city motto. 

I'm loving my Time Warner Cable, that's for sure.



That is the motto of the city close to me too (Louisville Ky), but they never seem to like any of my ideas.

Uncle Nasty

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