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Allen to Lose Charter Control on Filing

Feb 17, 2009  •  Post A Comment

Charter Communications Chairman Paul Allen will lose controlling voting interest of the cable company once it declares bankruptcy, Multichannel News reports, citing Securities and Exchange Commission documents. Mr. Allen, who has invested more than $7 billion in the company and has more than 90% of the voting shares, will have about 35% of the voting shares after the filing, Multichannel News says.
—Danny King

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