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INFORMATION #1 04-13-2009~ . ~ 6 ~~. ~~ ~ ~ ._ April 1, 2009 Ms. Lori Johnson City Clerk City of Elk River 1305 Crono Parkway Elk River,_MN 55330-0490 Re. Charter Communications, Inc. Restructuring Dear Nis. Johnson: 1~lFOtRN1AT10N fiver the past few months we have been communicating with you about our financial restructuring process. In February, Charter Communications, Inc, ~"Charter"~, the ultimate parent corporation of your franchisee, announced that it had reached agreements with certain of its key bondholders to significantly reduce its debt and provide new capital to Charter. In order to implement the restructuring plan as expeditiously as passible, on March 27, 2009, Charter voluntarily began a Chapter 11 reorganization process. As you may know, the Chapter 11 process is specifically designed to enable companies to continue to operate while they develop and implement financial restructuring plans. 'while in reorganization pursuant to Chapter 1 1, Charter and its subsidiaxies will continue to provide services to their customers as usual. To that end Charter sought and obtained interim authority Pram the Bankruptcy Court to use its cash for normal business operations. Cn March 30, 2009, Charter received interim authorization from the Bankruptcy Court to continue paying franchise fees and amounts due under its franchise agreements. At a hearing scheduled for April 15, 2009, Charter will seek final approval from the Bankruptcy Court to pay such fees and amounts, Charter also received permission from the Bankruptcy Court to continue to honor all of its current customer programs and is seeking approval to pay all of its vendors in the normal course of business, we are pleased to have completed these important early steps in our financial restructuring. The agreements between Charter and its key bondholders and principal stockholder, Paul G. Allen, contemplate that upon completion of the reorganization, Charter's current stock will be cancelled and replaced by new .stock, Some of those bondholders and Mr, Allen ~wha will continue to have the largest individual voting interest in Charter}, will be issued new voting stock in Charter in exchange for their current claims and interests. Pursuant to the agreements, some of the bondholders will invest $3 billion of capital in Charter to support the overall refinancing. ~~720 Amber Park Dr,, Suite 960 ~ Alpharetta, Georgia 30008 www,charter.com Charter's current Chief Executive Officer and Chief Operating [~f~cer, as well as its local management and employees, are expected to remain in place. All of the cable television franchises held by Charter entities will continue to be held by those same entities. ~n the next few weeks, Charter will provide FCC consent forms to certain local franchise aut~aorities whose consent to this transaction might be required by the terms of their municipal ordinances, state law and applicable bankruptcy law. where franchise documents and applicable bankruptcy law indicate that consent is not required, Charter will not be providing formal consent forms. However, you can find all of Charter's court filed documents and regular updates on the bankruptcy case at www,kccllc,netlcharter, You may also obtain information about Charter's financial restructuring at our website at www.charter.com.. Charter's operations are strong, and we continue to focus on enhancing our products and..services, .we are a proud and dedicated team of aver 16,000 employees who are focused on delivering superior products, such as advanced video services, faster Internet speeds, and a choice for telephone service, all at a great value and supported by a best-in-class customer experience. Charter is committed to emerging from this process as a stranger company. we look forward to being a valuable member of the communities we serve and to serving our customers for many years to came. zf you have additional questions, please do not hesitate to contact me at 770-754- 5269 or Tucker Carlson, Charter's Director of Government Relations, at 507-424-5907. Sincerely, Mark Brown Senior Director & Counsel Legal & Government Affairs Charter Communications, Znc.