InvestorsApril 5, 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.