Charter Communications to file for Chapter 11 by April 1

Charter Communications announced February 12 that it plans to file for Chapter 11 bankruptcy protection by April 1 to reduce...

Charter Communications announced February 12 that it plans to file for Chapter 11 bankruptcy protection by April 1 to reduce the company’s debt by $8 billion.

Controlled by Microsoft cofounder Paul Allen, the cable provider hired Joele Frank, Wilkinson Brimmer Katcher late last year amid financial negotiations with company bondholders.

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