Equity Firms Eye Charter's Miami System


Sources said a trio of private-equity firms has expressed interest in Charter
Communications Inc.'s Miami Beach, Fla., system.

According to sources in the financial community, several private-equity firms
have been circling the Miami Beach system, including Providence Equity Partners
Inc., ABRY Partners LLC and Spectrum Equity Investors.

Those same sources added that it could be at least one month before a deal is

Miami Beach is one of Charter's more attractive systems, and it has about
50,000 subscribers.

While no price has been finalized, Charter has said in the past that it would
look for upward of $3,000 per subscriber for its nonstrategic systems, making a
Miami Beach deal worth at least $150 million.

But according to sources familiar with the matter, the Miami Beach system
would attract more than $3,000 per subscriber.