Do tell: what will Paul do? Charter's investors await billionaire Paul Allen's plans for the ailing MSO. (Top of the Week).(Charter Communications)(Brief Article)

Broadcasting & Cable, September, 2002 by Higgins, John M.

Charter Communications investors are certainly gratified to hear that the MSO's cable operations are on track. And, yes, it's wonderful to hear Charter executives express confidence in plans to sell $1.8 billion worth of systems. And who, in this depressed stock market, wouldn't be thrilled to hear about cash flow flowing and capital spending easing? What investors are not hearing is an answer to: What will Paul do? Paul, of course, is Paul Allen, the cofounder of Microsoft Corp.

who spent seven of his many billions of dollars to assemble Charter's portfolio of 6 million cable subscribers. With Charter's stock down 90% in a year, Allen is hinting that he might put a couple more billions of dollars to work bailing Charter out of its financial funk,...

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