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Charter Communications files for prearranged Chapter 11 bankruptcy
We knew the flagging Charter Communications was looking to file for Chapter 11 on or before April 1st, and rather than waiting until Wednesday and fielding questions of whether or not the whole thing was "a joke," said carrier has gone ahead and made things official here in March. This past Friday, the fourth largest cable company filed for its prearranged Chapter 11 bankruptcy in order to stave off hungry creditors and look for ways to keep afloat. The good news is that it's hoping to emerge from bankruptcy as early as this summer, and at least currently, it's not planning to sell any of its assets to competitors. Of note, Charter has failed to post a single profit since going public in 1999, so one shouldn't be shocked at the $8 billion debt figure that the filing will restructure. Good luck out there Charter, you're going to need it.
Charter Communications to file for bankruptcy
Okay, so we hate to be blunt, but if there was one cable carrier out there just waiting to crash, it was Charter. The company famous for engaging in less-than-forthright contest practices and perpetually finding ways to perturb subscribers has just announced that a Chapter 11 filing isn't too far away. In fact, a recent press release makes clear that it "intends to implement its financial restructuring through a Chapter 11 filing to be initiated on or before April 1, 2009." As per the agreement, all debt holders will reportedly be paid in full, with Paul Allen keeping the largest voting interest in the company. Of course, shareholders' stake in the company will be canceled, but the decision will supposedly reduce debt by around $8 billion. As expected, the company has assured subscribers that its services will continue to operate throughout the debt restructuring process, but we wouldn't expect service to get any better in the coming months.[Via AP, thanks Vanbrothers]
Charter launching 60Mbps broadband, asks "FiOS what?"
Still waiting for Verizon's FiOS to come and light up your neighborhood with blistering download speeds? Now you have something even faster to wait for, with Charter Communications announcing it is launching a 60Mbps broadband service, utilizing DOCSIS 3.0 to fit more bits in the same pipes -- not quite the 160Mbps Comcast predicted, but we'll take it. What the company isn't announcing is when people will be able to tap into this or how much they'll pay for the privilege, but hopefully it'll be a little less than the $140 Verizon is charging.Update: We found word of prices and, go figure, the service costs exactly the same as FiOS: $140 per month. But, you can save $10 if you bundle it with TV or phone service.
FCC's Martin fines nine carriers on his way out the door
On the eve of his resignation, now-former FCC chairman Kevin Martin got in one last shot against nine of the biggest cable companies -- including Comcast, Time Warner, Cox and Charter -- to the tune of $25,000 each. Citing the MSOs (Multiple System Operators) for failing to respond to the FCC's investigation of how they moved channels from analog to digital tiers, additional fines were then added on, bringing the total damages to all nine companies to a cool $510,000. Top honors go to Time Warner, which racked up a $137,000 bill. Wielding his poisoned pen, Martin wrote that the actions of the MSOs "... exhibits contempt for the FCC's authority," and by forcing customers to pay for digital set-top boxes, "... customers have been receiving less from the cable companies but paying the same price." Strong words, but would we wouldn't expect anything less from the FCC chairman who oversaw some of the biggest changes in telco this country's seen.[Disclosure: Engadget is part of the Time Warner family]
Analysts ponder Charter, Univision futures as debt payments loom
We've known for years that Charter Communications isn't what you'd call a "stellar" cable operator, but we had no idea things were looking this dire for the outfit. According to a new report surfacing at Reuters, the St. Louis-based MSO is currently holding a net debt of around $21 billion, and it has purportedly said that it may need to "go into bankruptcy to deal with that burden." In order to stay afloat this long, it has "refinanced and extended its maturities every year since 2004," and just before Christmas it asked a longtime financial adviser to "start talks with bondholders to boost its financial flexibility." In related news, things aren't looking much brighter for Spanish-language media giant Univision, which recently reported a stiff 25% drop in automotive advertising. For awhile, it seemed the media firms were almost untouchable, but the recent downturns in the economy could be taking their toll on a few mainstays. Ah well, at least Charter subscribers can now somewhat justify those rate increases... somewhat.
Most Belo-owned stations finally permitted for transmission on Charter
It's been a long, long time since Belo-owned stations were transmitted on Charter systems (what, two years or something now?), but the two are finally burying the hatchet before 2009... or partially burying it, anyway. According to Belo, 11 of its 15 markets can finally see Belo-owned locals in SD and HD on Charter, including KMOV-TV in St. Louis, WFAA in Dallas / Fort Worth, WCNC-TV in Charlotte and KONG-TV in Seattle / Tacoma. Few details about the actual agreement were made public, but we're just stoked that the two have finally made amends.[Thanks, Shane]
Charter brings four new HD channels to St. Louis, Missouri
Charter Communications isn't abstaining from expanding HD channels as the holiday season approaches, as it has announced that four new high-def stations have launched alongside four digital SD nets in St. Louis, Missouri. Available now are Food Network HD (760), HGTV HD (761), National Geographic HD (768), Golf HD (772), Hallmark Movie Channel (122), ReelzChannel (145), American Life TV (146) and The Sportsman Channel (772). According to Steve Trippe, Vice President and General Manager of Charter's St. Louis operations, the carrier now provides "more than 400 HD choices that are instantly available at any time," which definitely does not translate into a remarkable amount of linear HD channels. Still, nice to have a few new ones, right STL?
Charter nearly ready to deploy Digeo's 3012 HD DVR
While Digeo is still floundering around trying to find some solid footing, it has managed to secure two fine deals with cable providers. Charter Communications was scheduled to have Digeo's latest box out and about in its markets some time back, but recent reports suggest that the testing is simply taking longer than anticipated. The delay has had some people guessing that Charter was planning to call the whole deal off, but a company spokeswoman has chimed in to assert that it's in the "final stages" of testing the Moxi 3012 HD. We can't help but wonder how long this so-called final stage will take to work though, though.
Charter Communications makes some pricing changes of its own
We've already seen Mediacom and Comcast fess up to forthcoming price hikes, and now we've got Charter Communications pulling some of the same tricks. Recently, the cable carrier announced that (at least in some locales) it will be pushing the price of Expanded Basic up by $2 per month while lowering the HD Ultra View tier by $3 per month. Granted, "many" HD channels are being moved from the latter into the former, but there are the facts. On a positive note, the basic cable package, high-speed internet and digital phones prices are all staying put, so yeah, it could definitely be worse.
Charter CTO talks up 2009 plans: HD expansion, DOCSIS 3.0, etc.
Charter's CTO, Marwan Fawaz, recently sat down with MultiChannel to talk business, particularly business plans for 2009. Some of the highlights included his confession that DOCSIS 3.0 would only be piloted in a select few markets next year, his admission that the carrier wouldn't reach its goal of 40 HD channels across its entire footprint, and his completely unrelated blabbering when asked about tru2way. More specifically, Fawaz noted that it was "adding a significant amount of HD channels," but rather than just tossing in linear networks, it's adding on-demand. Not everything was less-than-stellar news, however, as he did state that it was just about ready to tee up switched digital video in a number of regions (albeit a tad late), Los Angeles included. We'd say you could hit the read link for a look at the full interview, but unless you're looking for reasons to feel depressed, we'd actually advise against it.[Thanks, Josh]
Charter shifts channels to add HD stations in Fond du Lac, WI
Charter's not going all-digital just yet in the Fond du Lac, Wisconsin region, but it is making some changes to make room for additional high-def material. Thanks to a recent realignment, a few analog channels have been moved to the digital tier, which will not only mean more expense for those currently operating sans a digital STB, but freed bandwidth that can be used for new high-definition channels. According to Lisa Washa, Charter's vice president and general manager, the "number one request it gets from customers is for more HD channels," though judging by CTO Marwan Fawaz's comments, you'd think the carrier just wasn't listening. At any rate, you Fond du Lac customers can look forward to an undisclosed amount of new HD options "later this month."
Officers' Quarters: A military solution
Every Monday Scott Andrews contributes Officers' Quarters, a column about the ins and outs of guild leadership.Starting up a new raiding guild is never easy. There's a lot to think about and plenty of competition for those raid-quality players. It's not easy even under ordinary circumstances. Now try doing it while you're on deployment in the U.S. military! That's what this week's reader is facing.Dear Scott,I've been playing since about a year prior to the release of BC and been through many guilds which time and time again failed to meet my expectations of what a raiding guild should be, mostly centered around the lack of motivation. I'm in the military and 6 months ago was put on deployment so I've been "WoWless" for the last 6 months or so. While out here I made friends with some fellow players and after a few conversations I asked if anyone was interested in starting a guild. They liked the idea but no one wanted to spearhead it, well this sounded like opportunity knocking.
Charter brings Food Network HD and HGTV HD in Western Carolinas
Charter just gifted Asheville, NC with five new HD channels in July, but considering how bleak the HD lineup was there, these two couldn't have arrived soon enough. As of this week, Food Network HD and HGTV HD have been added on slots 756 and 757 (respectively) in the Asheville, NC and Greenville-Spartanburg, SC systems. Trust us, the carrier is still struggling over there, so we'll totally understand if you customers in the area start bickering for more in a week or so.[Thanks, PopWeaverHDTV]
Charter trying to nab TBS HD prior to MLB playoffs
While Verizon already secured TBS HD for its FiOS TV customers prior to the start of the MLB playoffs, Charter Communications subscribers may or may not be so fortunate. Particularly for Brewers fans in Wisconsin, the desire need to land this station in short order is crucial to their well being, and according to corporate spokeswoman Anita Lamont, the carrier is working hard to make it happen. Currently, the station isn't slated to go live until October 14th, but that's obviously far beyond the date baseball fans are hoping for. In somewhat related news, Charter Wisconsin is also scheduled to launch Animal Planet HD, Movie Channel HD and Smithsonian HD in mid-October, so even if the whole TBS thing doesn't happen on time, not all joy is lost.[Image courtesy of DiamondHoggers]
Digeo readies two Moxi set-top-boxes for release
Are you ready to believe? While Digeo's road to the present has been laden with mishaps, the latest word has it that the company will indeed be rolling out two new products in the very near future. Of course, we've seen the plug pulled at the last minute before, but if everything holds up this time, we'll see a Moxi set-top-box arrive later this month on Charter. Additionally, "a second MSO" will be offering the unit in short order, and a retail box should ship in January. Sadly, that latter device won't have tru2way capability (though it will support a multistream CableCARD), but it should be noted that Digeo is also prepping a Moxi PC interface as well as wares that could tie into home automation setups. Hit the read link for the full spill -- just don't get your hopes up too high until we see a shipping confirmation.
Officers' Quarters: Unchart(er)ed territory
Every Monday Scott Andrews contributes Officers' Quarters, a column about the ins and outs of guild leadership.It's no secret that the game we all know and love is in a period of transition. Many basic assumptions of Warcraft are changing, from the way loot is itemized, to the way buffs work, to the very nature of raiding. Amidst all this change, I decided to update the document my guild wrote to define our basic principles and guidelines. Written in 2005, it was astonishingly outdated. I guess I shouldn't have been all that surprised. Someone who stopped playing back when Blackwing Lair was the endgame would barely recognize WoW if they rolled a premade 80 on the beta servers today.We call this document our guild's philosophy. Many guilds call it their charter. However you label it, right now is a great time to reevaluate exactly what your guild is all about and what your basic rules and beliefs will be going into the next expansion.
Charter reaches agreement with Big Ten Network just in time to see Ohio State be totally awesome
Charter's next on the block to add the Big Ten Network and "related programming" in time for Saturday's football openers. No word whether or not this will include the HD version of the network, or if it will be in time for the start of the season, but it is definitely on the way. In a minor footnote, Charter mentioned that in addition to carrying the BTN across its systems in Wisconsin, Michigan, Minnesota, Ohio and Northern Illinois it's also reupping Jim Tressel's snazzy sweatervest collection, teaching Terrelle Pryor the correct name of "the University of Ohio State University" and teaching Ohio State how to defend against the spread offense. Good times all around.
Charter ruffling feathers in Reno, NV / McDowell, NC
Why does it seem that Charter, out of all the cable carriers in the world, finds itself intertwined with so much mischief? The latest forehead-pounding episode is actually a two-fer, with gripes arising from Reno, Nevada and a rural section of North Carolina. In the Silver State, Charter is apparently looking to pull four public access channels to retrieve bandwidth for the launch of 12 new digital channels. The company's George Jostlin proclaims that the "majority of consumers are calling it on a daily basis and asking for more HD / digital programming," but the City of Reno has announced its intentions to sue the provider if an agreement can't be reached on the matter by next Wednesday. Across the country in McDowell County, NC, Charter is catching flack for wanting to strip Marion of its information channel (and combine it with the county's government channel) in order to add three HD stations. We like the intentions here, but seriously, you folks should work on the execution. [Thanks PopWeaverHDTV, image courtesy of TSLPL]Read - Issues in RenoRead - Stirring the pot in rural NC
Warner Bros. 85th Anniversary celebration makes for a lot of HD VOD
Warner Bros. is all over digital distribution in celebration of its 85th anniversary, pushing 85 of its classic flick onto video on-demand, most in high definition and many of them available in HD VOD for the first time. Anyone with Time Warner, Comcast, Cox, Charter, Rogers, DirecTV or DISH Network should have access to flicks including Doctor Zhivago, Casablanca, Chariots of Fire, Mad Max Beyond the Thunderdome straight from their remote starting today. Additionally Time Warner has lined up a series of indoor and outdoor screenings in LA and New York so keep an eye out for those. Great films in high quality without having to leave our couch, if we could stop watching the Olympics we'd take a look, check out the full list after the break. [Disclosure: Engadget is part of the Time Warner family]
Charter gifts Westport, Massachusetts with 16 HD channels
Charter has done its fair share of work to earn a less than stellar reputation as a cable company, but it's looking to help customers out (and, you know, compete) in the Westport, Massachusetts region by setting up a mobile office and adding a whopping 16 HD channels to the lineup. According to Thomas P. Cohan, the company's director of government relations, the company is "working on identifying the equipment and staffing it will need to establish a consistent, part-time, local presence to handle walk-in customer service issues," and it's utilizing a makeshift office 'til then. There's no mention of what high-def stations are being added, but with 16 of them on the way, surely there's one or two in there you'll dig.[Thanks, Nick]
