Print Page  Close Window

SEC Filings

8-K
CHARTER COMMUNICATIONS, INC. /MO/ filed this Form 8-K on 11/29/1999
Entire Document
 
<PAGE>   1
                                                                           
                                                                           
[CHARTER COMMUNICATIONS LOGO]


                                                                    EXHIBIT 99.1

FOR IMMEDIATE RELEASE


                       CHARTER COMMUNICATIONS' ACQUISITION
                     OF FALCON COMMUNICATIONS, L.P. IS FINAL

ST. LOUIS, MO, NOVEMBER 15, 1999 -- Charter Communications (Nasdaq: CHTR)
announced that it completed the acquisition of cable televisions systems owned
by Falcon Communications, L.P on Friday, Nov. 12. Charter acquired Falcon in a
cash and stock transaction valued at approximately $3.6 billion. Falcon's cable
television operations pass approximately 1.6 million homes and serve
approximately 1 million subscribers with its largest concentrations of customers
in California and the Pacific Northwest, Missouri, North Carolina, Alabama and
Georgia.

Charter Communications is a Wired World(TM) company offering a full range of
traditional cable television services. The company has also begun to offer
services including digital cable television, high-speed Internet access and
paging and is introducing interactive video programming. All of these services
are important steps toward the realization of the Wired World vision where
cable's ability to transmit voice, video and data at high speeds will enable it
to serve as the primary platform for the delivery of
 new services to the home
and workplace. Charter is the fourth largest operator of cable television
systems in the United States, serving approximately 6.2 million customers, after
giving effect to a pending acquisition. The chairman of Charter Communications
is Paul G. Allen. Jerald L. Kent is the company's president and CEO. More
information about Charter can be accessed on the Internet at www.chartercom.com.

FOR FURTHER INFORMATION, CONTACT:
Media: Anita Lamont


                  Charter Communications, Inc.
                  314/543-2215
                  www.alamont@chartercom.com
                                            ###

                                      -7-