Investors
News Release
Statement Clarifying Language Regarding Asset Sales in Form 8-K Filed April 2, 2004
Statement Clarifying Language Regarding Asset Sales in Form 8-K Filed April 2, 2004
Charter Communications, Inc. (Nasdaq: CHTR) today clarified language
in a Form 8-K filed with the Securities and Exchange Commission on
April 2, 2004, that triggered speculation of a pending new system
sale. The filing reported on previous system sales and referenced "an
additional system sale we expect to close in the first half of 2004."
That anticipated closing is part of the previously announced sale to
Atlantic Broadband Finance, LLC, the majority of which closed in March
2004. A system in New York serving approximately 2,600 customers was
included in the original deal with Atlantic Broadband. However, that
small portion of the sale was not ready for the March close. The sale
of that New York system is expected to close by the end of June 2004.