Multichannel News is reporting today that, although Paul Allen still controls 35% of the vote, the uber-secretive gazillionaire is not listed as a board member in a recent press release announcing new appointments to Charter Communications’ directors. Instead, Apollo Management partner Eric Zinterhofer, was listed as chairman of the 11-member board. “Charter would not officially comment but an executive familiar with the company confirmed that Allen is no longer chairman,” the trade said. Charter just emerged from bankruptcy protection a few days ago. Allen’s zillions helped create Charter, which just emerged from bankruptcy protection, through a series of acquisitions during the height of the cable consolidation frenzy.
Paul Allen No Longer Charter Chairman
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