Charter to File Bankruptcy

Jan. 17 (Bloomberg) — Charter Communications Inc., billionaire Paul Allen’s money-losing cable-television company, hired law firm Kirkland & Ellis and investment bank Lazard Ltd. to advise on a possible bankruptcy, according to people familiar with the matter.

Kirkland’s Rick Cieri is providing counsel, according to two people involved in talks on Charter’s strategy. Allen has also hired lawyers and financial advisers, people said. If the St. Louis-based company decides in favor of bankruptcy, it may file as soon as next week, said one of the people, who declined to be identified because the discussions are private.

I’ve been waiting for months for Verizon to wire the house for FIOS.  Please Verizon, hurry up already!


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