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Charter talking to potential investors

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From the Associated Press

Charter Communications Inc. announced Tuesday, just as the firm’s chief financial officer announced his resignation, that outside parties have asked about investing in the company.

Potential investors approached controlling shareholder Paul Allen, the cable and telephone service provider said in a U.S. Securities and Exchange Commission filing.

Allen, who co-founded Microsoft Corp., gave the investors information about Charter that has not been publicly released, according to the filing, which didn’t indicate how much the parties might invest.

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In a separate announcement, Charter said Tuesday that CFO Jeffrey Fisher resigned, effective April 4.

Eloise Schmitz, now senior vice president for strategic planning, will be the company’s interim chief financial officer.

A company spokeswoman did not return a message seeking comment.

Charter has languished for years, losing hundreds of millions of dollars sometimes in a single quarter. The St. Louis-based company’s stock dropped 1 cent to 93 cents.

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