Former Charter Communications Inc. CEO Jerald Kent is apparently thinking
about getting back into the cable industry and talking with backers about that
According to sources, Kent has been in discussions with several investment
bankers and private-equity funds, including one of his former backers.
The sources, mostly in investment-banking circles, said Kent has met with
various bankers and private-equity funds, possibly to buy cable properties,
although no deals were seen as imminent.
He could not be reached for comment.
Kent -- whose departure from Charter caused the MSO's stock to decline by 20
percent in a single day -- would be one of the bigger names among ex-system
executives and owners who have cashed out but are looking to get back in the
Among former cable executives in that position are Bresnan Communications
president Bill Bresnan, former Vista Communications president Neil McHugh and
former Buford Cable president Ben Hooks.
A well-respected cable executive, Kent left Charter in September after a
falling out with Charter chairman and Microsoft Corp. cofounder Paul Allen.
At the time of his resignation, Kent said he would take some time off to
relax and think about his next venture.
Several sources said Kent was in New York last month, making the rounds of
various investment firms to gauge their interest.
One of Charter's former investors -- private equity firm Kelso & Co. --
said its executives have met with Kent and would be more than willing to get
involved with him again.