Charter Near NASDAQ Return

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ST. LOUIS — Charter Communications
moved closer to regaining
its listing on the NASDAQ
stock exchange with the appointment
of Craig Jacobson to
its board of directors.

The appointment increases
the size of the board to 11
members and helps to satisfy
the final requirement for the
company to regain its listing.

Jacobson, a founding partner
at the Beverly Hills, Calif.,
law firm of Hansen, Jacobson,
Teller, Hoberman, Newman,
Warren & Richman LLP, has
practiced entertainment law
for about 20 years. He will also
serve as a member of Charter’s
Audit Committee, joining
current independent board
members David Merritt and
Christopher Temple.

Charter fell from the exchange
last year after it filed
for Chapter 11 bankruptcy
protection. It emerged from
bankruptcy reorganization in
November, but fell short of
NASDAQ’s requirement that
at least three independent
directors serve on its audit
committee. Jacobson’s appointment
appears to fulfill
that requirement.

Charter said it expects to
complete the NASDAQ listing
process “in the coming weeks.”

“Craig’s broad range of legal
experience in the entertainment
industry will be a distinct
advantage for Charter, and
he will strongly compliment
our other board members,”
Charter chairman Eric Zinterhofer
said in a statement.
“I’m pleased that the board’s
final vacancy has been filled
as we continue to support the
company’s operations and
growth.”

Charter stock has been trading
on a when-issued basis on
the over-the-counter market
since December, under the
symbol “CCMM,” and was
trading at $36 per share, up 50
cents (1.4%), in early trading
last Thursday (July 29).

Charter has asked to return
to the exchange with its previous
symbol, “CHTR.”

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