Marc Nathanson Resigns from Charter Communications Board of Directors
December 05 2008 - 11:00AM
Business Wire
Charter Communications, Inc. (NASDAQ: CHTR) announced today that
Marc B. Nathanson has resigned from its board of directors
effective December 1, 2008. �With 40 years of cable industry
experience, Marc has served as Vice Chairman and been a valuable
member of Charter�s Board for more than eight years,� said Paul G.
Allen, Chairman of the Board and controlling shareholder of
Charter. �We appreciate his many contributions to Charter, and wish
him well in future endeavors.� �Marc is one of the true industry
pioneers. As the founder of Falcon Cable in 1975, an executive
committee member of the National Cable & Telecommunications
Association, and a Vanguard Award recipient, his in-depth knowledge
of the business has proven invaluable to all of us at Charter,�
added Neil Smit, President and Chief Executive Officer. Resigning
to make more time available for other personal and business
interests, Mr. Nathanson said, �My resignation is also the end to a
long chapter of my life (over 40 years) that I have been associated
with the dynamic growth of the cable TV industry. I believe Charter
and the other cable companies have made enormous technological
achievements that benefit the American consumer.� His position on
the Board will not be replaced at this time. About Charter
Communications Charter Communications, Inc. is a leading broadband
communications company and the third-largest publicly traded cable
operator in the United States. Charter provides a full range of
advanced broadband services, including advanced Charter Digital
Cable� video entertainment programming, Charter High-Speed�
Internet access, and Charter Telephone�. Charter Business�
similarly provides scalable, tailored, and cost-effective broadband
communications solutions to business organizations, such as
business-to-business Internet access, data networking, video and
music entertainment services, and business telephone. Charter�s
advertising sales and production services are sold under the
Charter Media� brand. More information about Charter can be found
at www.charter.com. CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING
STATEMENTS: This release includes forward-looking statements within
the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended, regarding, among other things, our plans, strategies and
prospects, both business and financial. Although we believe that
our plans, intentions and expectations reflected in or suggested by
these forward-looking statements are reasonable, we cannot assure
you that we will achieve or realize these plans, intentions or
expectations. Forward-looking statements are inherently subject to
risks, uncertainties and assumptions including, without limitation,
the factors described under "Risk Factors" from time to time in our
filings with the Securities and Exchange Commission (�SEC�). Many
of the forward-looking statements contained in this release may be
identified by the use of forward-looking words such as "believe,"
"expect," "anticipate," "should," "planned," "will," "may,"
"intend," "estimated," "aim," "on track," "target," "opportunity"
and "potential," among others. Important factors that could cause
actual results to differ materially from the forward-looking
statements we make in this release are set forth in other reports
or documents that we file from time to time with the SEC, and
include, but are not limited to: the availability, in general, of
funds to meet interest payment obligations under our debt and to
fund our operations and necessary capital expenditures, either
through cash flows from operating activities, further borrowings or
other sources and, in particular, our ability to fund debt
obligations (by dividend, investment or otherwise) to the
applicable obligor of such debt; our ability to comply with all
covenants in our indentures and credit facilities, any violation of
which, if not cured in a timely manner, could trigger a default of
our other obligations under cross-default provisions; our ability
to repay debt prior to or when it becomes due and/or successfully
access the capital or credit markets to refinance that debt through
new issuances, exchange offers or otherwise, including
restructuring our balance sheet and leverage position, especially
given recent volatility and disruption in the capital and credit
markets; the impact of competition from other distributors,
including incumbent telephone companies, direct broadcast satellite
operators, wireless broadband providers, and digital subscriber
line (�DSL�) providers; difficulties in growing, further
introducing, and operating our telephone services, while adequately
meeting customer expectations for the reliability of voice
services; our ability to adequately meet demand for installations
and customer service; our ability to sustain and grow revenues and
cash flows from operating activities by offering video, high-speed
Internet, telephone and other services, and to maintain and grow
our customer base, particularly in the face of increasingly
aggressive competition; our ability to obtain programming at
reasonable prices or to adequately raise prices to offset the
effects of higher programming costs; general business conditions,
economic uncertainty or downturn, including the recent volatility
and disruption in the capital and credit markets and the
significant downturn in the housing sector and overall economy; and
the effects of governmental regulation on our business. All
forward-looking statements attributable to us or any person acting
on our behalf are expressly qualified in their entirety by this
cautionary statement. We are under no duty or obligation to update
any of the forward-looking statements after the date of this
release.
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