0000950123-05-000943.txt : 20120702
0000950123-05-000943.hdr.sgml : 20120702
20050131212549
ACCESSION NUMBER: 0000950123-05-000943
CONFORMED SUBMISSION TYPE: CORRESP
PUBLIC DOCUMENT COUNT: 1
FILED AS OF DATE: 20050131
FILER:
COMPANY DATA:
COMPANY CONFORMED NAME: CHARTER COMMUNICATIONS INC /MO/
CENTRAL INDEX KEY: 0001091667
STANDARD INDUSTRIAL CLASSIFICATION: CABLE & OTHER PAY TELEVISION SERVICES [4841]
IRS NUMBER: 431857213
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: CORRESP
BUSINESS ADDRESS:
STREET 1: 12405 POWERSCOURT DRIVE
CITY: ST. LOUIS
STATE: MO
ZIP: 63131
BUSINESS PHONE: 314-965-0555
MAIL ADDRESS:
STREET 1: 12405 POWERSCOURT DRIVE
CITY: ST. LOUIS
STATE: MO
ZIP: 63131
FORMER COMPANY:
FORMER CONFORMED NAME: CHARTER COMMUNICATIONS INC /MO/
DATE OF NAME CHANGE: 19990723
CORRESP
1
filename1.txt
Charter Communications, Inc.
12405 Powerscourt Drive
St. Louis, Missouri 63131
January 31, 2005
Securities and Exchange Commission
450 Fifth Street, N.W.
Washington DC 20549
Division of Corporate Finance
Re: Response to SEC Comment Letter dated January 28, 2005
Ladies and Gentlemen:
We are writing in response to your letter to Charter Communications, Inc.
("Charter," "we" or the "Company") dated January 28, 2005.
We have considered the Staff's comments relating to our 2003 Form 10-K and
our Form 10-Q for the quarter ended September 30, 2004 (File No. 000-27927) and
have set forth below our responses to each of the comments. Concurrently with
this letter, we are filing Amendment No. 1 to our registration statement on Form
S-1 (file no. 333-121136, referred to herein as the "Registration Statement"),
reflecting changes arising out of your comments. Page numbers referred to in
this letter refer to the prospectus (the "Prospectus") contained in the
Registration Statement. In accordance with your request, we intend to reflect
such changes in an amendment to the other registration statement referred to
above (file no. 333-121561) as well as other future filings of the Company and
its subsidiaries as appropriate.
*****
FORM 10-Q FOR THE QUARTER ENDED SEPTEMBER 30, 2004
Note 3. Franchises and Goodwill, page 10
1. Pursuant to our conversation on January 28, 2005, remove the discussion
related to the total enterprise value.
We have noted the Staff's comment and have removed the discussion related
to the total enterprise value. (See page 53 and page F-61 of our Form
S-1).
Securities and Exchange Commission
January 31, 2005
Page 2
2. Revise your disclosure to more fully discuss the requirements of paragraph
46(a) of SFAS 142.
We have noted the Staff's comment and have revised our disclosures as
appropriate. (See page 53 and page F-61 of our Form S-1).
3. Expand your disclosure to describe how you are determining the fair value
of the franchises in a matter consistent with your responses to prior
comment 2.
We have noted the Staff's comment and have revised our disclosures in a
matter consistent with our response to prior comment 2. (See page 53 and
page F-61 of our Form S-1).
4. Expand your disclosure to discuss that the $2.4 billion impairment charge
is related to your long-term outlook and is appropriately captured in
operations, whereas the $0.9 billion charge recorded as a cumulative
effect of a change in accounting principle was solely the result of the
adoption of EITF D-108.
We have noted the Staff's comment and have revised our disclosures as
appropriate. (See page 53 and page F-61 of our Form S-1).
5. Within the Critical Accounting Policies and Estimates section of MD&A,
include additional disclosure such as a sensitivity analysis stating how
changes in the estimated growth rate would have affected the impairment
charge.
We have noted the Staff's comment and have revised our disclosures as
appropriate. (See page 53 of our Form S-1).
Sincerely,
By: /s/ Paul E. Martin
--------------------------------------
Paul E. Martin
Interim Co-Chief Financial Officer,
Senior Vice President, and Corporate
Controller of Charter Communications,
Inc.
/s/ Derek Chang
----------------------------------------
Derek Chang
Interim Co-Chief Financial Officer,
Executive Vice President of Finance and
Strategy of Charter Communications, Inc.
Securities and Exchange Commission
January 31, 2005
Page 3
cc:
Securities and Exchange Commission:
Mr. Larry Spirgel, Division of Corporation Finance
Mr. Ted Yu, Division of Corporation Finance
Mr. Carlos Pacho, Division of Corporation Finance
Ms. Kathleen Kerrigan, Division of Corporation Finance
Charter Communications, Inc.:
Mr. Robert P. May, Interim President and Chief Executive Officer
Mr. Curt Shaw, Executive Vice President, General Counsel and Secretary
Mr. David Merritt, Audit Committee Chair
KPMG LLP:
Mr. Rick Andrews
Irell & Manella:
Mr. Al Segel
Mr. Kevin Finch