Friday, March 20, 2009

Report: Apollo may take stake in Charter

By Don Walker of the Journal Sentinel - Posted: Mar. 20, 2009 7:44 a.m.
Apollo Management, a private-equity firm, is in talks to take over a large ownership stake in Charter Communications Inc. (CHTR), the nation's fourth-largest cable company with extensive operations in Wisconsin. The Wall Street Journal reported on Friday that Apollo already holds a large portion of Charter's debt, which it plans to swap for equity. Charter plans to file for Chapter 11 bankruptcy by April and reorganize