Print Page  Close Window

SEC Filings

CHARTER COMMUNICATIONS, INC. /MO/ filed this Form S-1/A on 09/28/1999
Entire Document
<PAGE>   189
     Charter Communications, Inc. receives insurance and workers' compensation
coverage through Charter Investment, Inc. Charter Investment, Inc.'s insurance
policies provide coverage for Charter Investment, Inc. and its
     - subsidiaries, and associated, affiliated and inter-related companies,
     - majority (51% or more) owned partnerships and joint ventures,
     - interest in (or its subsidiaries' interest in) any other partnerships,
       joint ventures or limited liability companies,
     - interest in (or its subsidiaries' interest in) any company or
       organization coming under its active management or control, and
     - any entity or party required to be insured under any contract or
       agreement, which may now exist, may have previously existed, or may
       hereafter be created or acquired.
     Charter Investment, Inc.'s expensed approximately $5,498,000 for the six
months ended June 30, 1999, approximately $603,000 for the year ended December
31, 1998, approximately $172,100 for the year ended December 31, 1997, and
approximately $108,000, for the year ended December 31, 1996, relating to
insurance allocations.
     Paul G. Allen or certain affiliates of Mr. Allen own equity interests or
warrants to purchase equity interests in various entities which provide a number
of our subsidiaries with services or programming. Among these entities are High
Speed Access Corp., WorldGate Communications, Inc., Wink Communications, Inc.,
ZDTV, L.L.C., USA Networks and Oxygen Media, Inc. These affiliates include
Charter Investment, Inc. and Vulcan Ventures, Inc. Mr. Allen owns 100% of the
equity of Vulcan Ventures, and is the President, Chief Executive Officer and
Chairman of the Board. Mr. Savoy is also a Vice President and a director of
Vulcan Ventures.
     HIGH SPEED ACCESS.   High Speed Access is a provider of high-speed Internet
access over cable modems. In November 1998, Charter Investment, Inc. entered
into a systems access and investment agreement with Vulcan Ventures and High
Speed Access and a related network services agreement with High Speed Access.
Additionally, Vulcan Ventures and High Speed Access entered into a programming
content agreement. Under these agreements, High Speed Access will have exclusive
access to at least 750,000 of our homes with an installed cable drop from our
cable system or which is eligible for a cable drop by virtue of our cable system
passing the home. The term of the systems access and investment agreement
continues until midnight of the day High Speed Access ceases to provide High
Speed Access services to cable subscribers in any geographic area or region. The
term of the network services agreement is as to a particular cable system, five
years from the date revenue billing