InvestorsOctober 22, 2004
Charter Elects Robert P. May and Jonathan L. Dolgen As Class B Directors
ST. LOUIS, Oct 22, 2004 (BUSINESS WIRE) -- Charter Communications, Inc. (Nasdaq:CHTR) today announced the election of Robert P. May, and Jonathan L. Dolgen, as Class B members of its Board of Directors, effective October 21, 2004.
Upon his election, Mr. May was appointed to the Charter Board's Strategic Planning Committee. He will receive compensation for his Board and Committee service commensurate with that of other Charter Board members.
Mr. May has been a member of the Board of Directors of HealthSouth Corporation, a national provider of healthcare services, since October, 2002. He has been the Chairman of HealthSouth's Board of Directors since July, 2004. Mr. May also served as HealthSouth Corporation's Interim Chief Executive Officer from March, 2003 until May of 2004, and as Interim President of its Outpatient and Diagnostic Division from August, 2003 to January, 2004. From March, 2001 until March, 2003, Mr. May was principal of RPM Systems, a strategic and private investing consulting firm. From March, 1999 to March, 2001, Mr. May served on the Board of Directors and was Chief Executive Officer of PNV Inc., a national telecommunications company. PNV Inc. filed for bankruptcy in December 2000. Prior to his employment at PNV Inc., Mr. May was Chief Operating Officer and a member of the Board of Directors of Cablevision Systems Corporation from 1996 to 1998, and prior to that held several executive positions with Federal Express Corporation, including President, Business Logistics Services. Mr. May was educated at Curry College and Boston College and attended Harvard Business School's Program for Management Development.
Upon the satisfaction of certain regulatory requirements, including the mailing of an Information Statement to the holders of Charter's Class A Common Stock, it is intended that Mr. May fill the vacant seat on Charter's Board of Directors that is elected by the holders of the Class A Common Stock and Class B Common Stock voting together as one class (the "Class A/B Director"). Mr. May has agreed to become the Class A/B Director upon his election as such, at which time he will resign as a Class B Director.
Mr. Dolgen will also receive compensation for his board service commensurate with that of other Charter Board members. Since July, 2004, he has been a Senior Advisor of Viacom, Inc. ("Viacom") a worldwide entertainment and media company, where he provides advisory services to the Chairman and Chief Executive of Viacom, or others designated by him, on an as requested basis. From April, 1994 to July, 2004, Mr. Dolgen served as Chairman and Chief Executive Officer of the Viacom Entertainment Group, a unit of Viacom, where he oversaw various operations of Viacom's businesses, which during 2003 and 2004 primarily included the operations engaged in motion picture production and distribution, television production and distribution, regional theme parks, theatrical exhibition and publishing. Mr. Dolgen began his career in the entertainment industry in 1976 and until joining the Viacom Entertainment Group, served in executive positions at Columbia Pictures Industries, Inc., Twentieth Century Fox and Fox, Inc., and Sony Pictures Entertainment. Mr. Dolgen holds a B.S. degree from Cornell University and a J.D. degree from New York University.
Pursuant to certain affiliation agreements with networks of Viacom, including MTV, MTV2, Nickelodeon, VH1, TVLand, CMT, Spike TV, Comedy Central, Viacom Digital Suite, CBS owned and operated broadcast stations, Showtime, The Movie Channel, and Flix, Viacom provides Charter with programming for distribution via our cable systems. The affiliation agreements provide for, among other things, rates and terms of carriage, advertising avails on the Viacom networks, which Charter can sell to local advertisers and marketing support. For the year ended December 31, 2003, Charter paid Viacom approximately $188 million for programming and recorded approximately $4.7 million from Viacom networks related to launch incentives for certain channels and marketing support as a reduction of programming and marketing expenses, respectively.
About Charter Communications
Charter Communications, Inc., a broadband communications company, provides a full range of advanced broadband services to the home, including cable television on an advanced digital video programming platform via Charter Digital(TM) and Charter High-Speed(TM) Internet service. Charter also provides business-to-business video, data and Internet protocol (IP) solutions through Charter Business(TM). Advertising sales and production services are sold under the Charter Media(R) brand. More information about Charter can be found at www.charter.com.
SOURCE: Charter Communications, Inc.
Charter Communications Inc., St. Louis
Press: Dave Mack, 303-323-1392
Analysts: Tamar Gerber, 303-323-1383