Charter Communications - Charter Company Timeline

Charter Company Timeline

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  • 1993: Company was started by three executives — Barry Babcock, Jerald Kent, and Howard Wood, former executives of Cencom Cable Television in St. Louis, Missouri.
  • 1995: Paid about $300 million for a controlling interest in Crown Media and acquired Cable South.
  • 1997: Charter and EarthLink joined forces to deliver high-speed Internet access through cable modems to Charter's customers in California.
  • 1998: Paul Allen bought a controlling interest.
  • 1998: Paid $2.8 billion to acquire Dallas-based cable company Marcus Cable.
  • 1999: Company went public, trading on the NASDAQ stock exchange.
  • 2000: Bought select AT&T cable markets, including Reno, Nevada and the City of St. Louis.
  • 2001: MSN and Charter signed an agreement to offer MSN content and services to Charter's broadband customers.
  • 2001: Received awards, including the Outstanding Corporate Growth Award from the Association for Corporate Growth, the R.E. "Ted" Turner Innovator of the Year Award from the Southern Cable Telecommunications Association, and the Fast 50 Award for Growth from the St. Louis Regional Chamber and Growth Association.
  • 2002: The United States Department of Justice investigated the company, leading to the indictment of four former executives for improper financial reporting.
  • 2004: Settled a class action lawsuit concerning the questionable financial reporting.
  • 2008: Acquired the cable television franchise and service for the Cerritos and Ventura, California area from WAVE Broadband.
  • 2008: Charter stock failed to meet NASDAQ standards and was given warning to comply by October 13 or request an extension.
  • 2009: Filed to reorganize under Chapter 11 of the United States Bankruptcy Code.
  • 2009: Completed financial restructuring and emerged from bankruptcy.
  • 2010: Paul Allen stepped down as chairman and from board of directors' seat, but remains the largest single shareholder.
  • 2010: Charter signs multi-year deal with Tivo to deliver content via its platform
  • 2012: Charter prices $1.25B senior debt offering to pay down short-term and long-term debt

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