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Charter Communications announced February 12 that it plans to file for Chapter 11 bankruptcy protection by April 1 to reduce the company’s debt by $8 billion.
Controlled by Microsoft cofounder Paul Allen, the cable provider hired Joele Frank, Wilkinson Brimmer Katcher late last year amid financial negotiations with company bondholders.
For both journalists and communicators, the news cycle never ends. At The Cycle, PRWeek’s editorial team offers commentary and viewpoints on how the latest marketing, business, political, and cultural news impact the PR industry.
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Charter Communications to file for Chapter 11 by April 1
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