Charter Prices $520 Million 2nd Lien Notes

ST. LOUIS--(Business Wire)--
Charter Communications, Inc. (NASDAQ:CHTR) (the "Company")
announced today that its subsidiary, Charter Communications Operating,
LLC ("Charter Operating"), agreed to issue $520 million principal
amount of 10.875% 2nd lien notes due 2014 ("the Notes"), which are to
be guaranteed by CCO Holdings, LLC and certain subsidiaries of Charter
Operating, in a private transaction.

The purchase price of the Notes will be approximately 96.1% of the
principal amount.

The net proceeds of this proposed issuance will be used to repay,
but not permanently reduce, the outstanding debt balances under the
existing revolving credit facility of Charter Operating.

The Notes will be sold to qualified institutional buyers in
reliance on Rule 144A and outside the United States to non-U.S.
persons in reliance on Regulation S. The Notes will not be registered
under the Securities Act of 1933, as amended (the "Securities Act"),
and, unless so registered, may not be offered or sold in the United
States except pursuant to an exemption from, or in a transaction not
subject to, the registration requirements of the Securities Act and
applicable state securities laws. The Company expects, subject to
market conditions, that the sale would be completed in approximately
one week. This press release shall not constitute an offer to sell or
the solicitation of an offer to buy, nor shall there be any sale of
the Notes in any state in which such offer, solicitation or sale would
be unlawful.

About Charter Communications

Charter Communications, Inc. is a leading broadband communications
company and the third-largest publicly traded cable operator in the
United States. Charter provides a full range of advanced broadband
services, including advanced Charter Digital(R) video entertainment
programming, Charter High-Speed(TM) Internet access service, and
Charter Telephone(TM) services. Charter Business(TM) similarly
provides scalable, tailored and cost-effective broadband
communications solutions to business organizations, such as
business-to-business Internet access, data networking, video and music
entertainment services and business telephone. Charter's advertising
sales and production services are sold under the Charter Media(R)
brand. More information about Charter can be found at www.charter.com.

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS:

This release includes forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933, as amended, and
Section 21E of the Securities Exchange Act of 1934, as amended,
regarding, among other things, our plans, strategies and prospects,
both business and financial. Although we believe that our plans,
intentions and expectations reflected in or suggested by these
forward-looking statements are reasonable, we cannot assure you that
we will achieve or realize these plans, intentions or expectations.
Forward-looking statements are inherently subject to risks,
uncertainties and assumptions including, without limitation, the
factors described under "Risk Factors" from time to time in our
filings with the Securities and Exchange Commission ("SEC"). Many of
the forward-looking statements contained in this release may be
identified by the use of forward-looking words such as "believe,"
"expect," "anticipate," "should," "planned," "will," "may," "intend,"
"estimated," "aim," "on track," "target," "opportunity" and
"potential," among others. Important factors that could cause actual
results to differ materially from the forward-looking statements we
make in this release are set forth in other reports or documents that
we file from time to time with the SEC, and include, but are not
limited to:

-- the availability, in general, of funds to meet interest
payment obligations under our debt and to fund our
operations and necessary capital expenditures, either
through cash flows from operating activities, further
borrowings or other sources and, in particular, our
ability to fund debt obligations (by dividend, investment
or otherwise) to the applicable obligor of such debt;

-- our ability to comply with all covenants in our indentures
and credit facilities, any violation of which, if not
cured in a timely manner, could trigger a default of our
other obligations under cross-default provisions;

-- our ability to pay or refinance debt prior to or when it
becomes due and/or refinance that debt through new
issuances, exchange offers or otherwise, including
restructuring our balance sheet and leverage position;

-- the impact of competition from other distributors,
including incumbent telephone companies, direct broadcast
satellite operators, wireless broadband providers, and
digital subscriber line ("DSL") providers;

-- difficulties in growing, further introducing, and
operating our telephone services, while adequately meeting
customer expectations for the reliability of voice
services;

-- our ability to adequately meet demand for installations
and customer service;

-- our ability to sustain and grow revenues and cash flows
from operating activities by offering video, high-speed
Internet, telephone and other services, and to maintain
and grow our customer base, particularly in the face of
increasingly aggressive competition;

-- our ability to obtain programming at reasonable prices or
to adequately raise prices to offset the effects of higher
programming costs;

-- general business conditions, economic uncertainty or
slowdown, including the recent significant slowdown in the
new housing sector and overall economy; and

-- the effects of governmental regulation on our business.

All forward-looking statements attributable to us or any person
acting on our behalf are expressly qualified in their entirety by this
cautionary statement. We are under no duty or obligation to update any
of the forward-looking statements after the date of this release.

Charter Communications, Inc.
Mary Jo Moehle, 314-543-2397

Copyright Business Wire 2008