Charter to file for bankruptcy – no joke
Charter, the only cable television provider in the Athens area, will be filing for Chapter 11 bankruptcy before April 1st.
As part of an agreement with debt holders, they will be paid in full and Paul Allen will maintain the largest voting interest in the company.
Sadly, Athens will likely not see an improvement in service.
Chief Executive Neil Smit says the St. Louis-based company’s cable, Internet and telephone operations will continue throughout the debt restructuring process.
As of this writing, my connection is slower than DSL speed, clocking in at 1.3Mbits per second. This is half the connection speed I paying for.