FanShot

Blazers Owner Paul Allen Stripped Of Power At Charter Communications

Portland Trail Blazers owner Paul Allen has dumped untold piles of money into Chapter 11'ed cable company Charter Communications. BizJournals.com reports that the company's board has now voted to drastically reduce Allen's voting interest... ----------------------------- Charter Communications Inc.’s board voted to convert all 2,241,299 shares of Class B common Charter stock held by former Chairman Paul Allen, co-founder of Microsoft and owner of the Portland Trail Blazers, into the same number of shares of Charter's Class A common stock. With the move, which was effective Tuesday, Allen loses his 35 percent voting interest that was associated with the Class B shares, as well as his right to appoint four directors to the board. His interest in the broadband company is now about 2 percent. ----------------------------- In other Blazers/cable related news, Mike Rogoway of The Oregonian reports that Comcast's merger with NBC isn't likely to affect the distribution of Blazers games. -- Ben Golliver | benjamin.golliver@gmail.com | Twitter

X
Log In Sign Up

forgot?
Log In Sign Up

Forgot password?

We'll email you a reset link.

If you signed up using a 3rd party account like Facebook or Twitter, please login with it instead.

Forgot password?

Try another email?

Almost done,

Join Blazer's Edge

You must be a member of Blazer's Edge to participate.

We have our own Community Guidelines at Blazer's Edge. You should read them.

Join Blazer's Edge

You must be a member of Blazer's Edge to participate.

We have our own Community Guidelines at Blazer's Edge. You should read them.

Spinner.vc97ec6e

Authenticating

Great!

Choose an available username to complete sign up.

In order to provide our users with a better overall experience, we ask for more information from Facebook when using it to login so that we can learn more about our audience and provide you with the best possible experience. We do not store specific user data and the sharing of it is not required to login with Facebook.

tracking_pixel_9347_tracker