Charter Communications, Inc. (NASDAQ: CHTR) announced today that
Jonathan L. Dolgen has resigned from its board of directors effective
today.
"Jonathan has been a valuable member of Charter’s
board and has made many significant contributions to the company in a
variety of areas,” said Paul G. Allen,
Chairman of the Board and controlling shareholder of Charter. "We
appreciate his years of service, and wish him well.”
Resigning for personal reasons and to make time available for other
interests, Mr. Dolgen said, "I have enjoyed
having an opportunity to work with Paul Allen and the other members of
the board and with the management of the company, particularly Neil Smit.”
Mr. Dolgen, the former chairman of the Viacom Entertainment Group, is
Principal of Wood River Ventures, LLC and serves as Senior Advisor to
Viacom, Inc. and among his other activities is a member of the board of
directors of Expedia, Inc. and Ticketmaster. 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 pay or refinance debt prior to or when it becomes
due and/or refinance that debt through new issuances, exchange offers
or otherwise, including restructuring our balance sheet and leverage
position;
-
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 slowdown,
including the recent disruption in the capital markets, the
significant slowdown 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.