Charter Reports Fourth Quarter and Full Year 2010 Financial and Operating Results

ST. LOUIS March 1, 2011 December 31, 2010

Key highlights:

• December 31, 2010 pro forma(1) December 31, 2010 pro forma(1)
• pro forma $70 million pro forma $85 million pro forma $230 million pro forma $237 million
• $130.28
• December 31, 2010 $243 million $489 million December 31, 2010 $710 million $1.911 billion
• $1.4 billion

(1) Pro forma results are described below in the “Use of Non-GAAP Financial Metrics” section and are provided in the addendum of this news release.

(2) Adjusted EBITDA and free cash flow are defined in the “Use of Non-GAAP Financial Metrics” section and are reconciled to consolidated net income (loss) and net cash flows from operating activities, respectively, in the addendum of this news release.  

Mike Lovett

Key Operating Results

pro forma December 31, 2010 $130.28

Fourth quarter 2010 customer highlights included the following:

• $70.39
• $41.72
• December 31, 2010 $41.29

December 31, 2010

Fourth Quarter Results

pro forma $1.780 billion $1.784 billion

pro forma $910 million $913 million Pro forma $404 million pro forma $211 million pro forma $129 million pro forma $85 million pro forma

Pro forma $1.097 billion

pro forma $683 million $684 million Pro Forma pro forma

$279 million $977 million $691 million

$85 million $12.718 billion $12.5 billion $0.75

$261 million $315 million

$243 million $721 million

$489 million $414 million

Year to Date Results – Actual

December 31, 2010 $7.059 billion $4.460 billion December 31, 2010 December 31, 2010 $2.599 billion

$1.024 billion December 31, 2010 $979 million $2.163 billion

$237 million December 31, 2010 $11.366 billion December 31, 2009 $11.0 billion $2.09 December 31, 2010

December 31, 2010 $1.209 billion $1.134 billion $1.3 billion and $1.4 billion

December 31, 2010 $710 million $550 million

$1.911 billion $594 million

$12.3 billion December 31 $1.1 billion

January 2011 $1.4 billion

Conference Call

Tuesday, March 1, 2011 9:00 a.m. Eastern Time

The conference call will be webcast live via the Company’s website at charter.com. The webcast can be accessed by selecting "Investor & News Center" from the lower menu on the home page. The call will be archived in the "Investor & News Center" in the "Financial Information" section on the left beginning two hours after completion of the call. Participants should go to the webcast link no later than 10 minutes prior to the start time to register.

Those participating via telephone should dial 866-726-7983 no later than 10 minutes prior to the call. International participants should dial 706-758-7055. The conference ID code for the call is 37074256.

March 15, 2011

Additional Information Available on Website

A slide presentation to accompany the conference call will be available on the "Investor & News Center" of our website at charter.com in the "Financial Information" section. A trending schedule containing historical customer and financial data can also be found in the "Financial Information" section.

Fresh Start Accounting and Combined Successor and Predecessor Results

December 31, 2009 November 30, 2009 December 31, 2009 December 31, 2010 November 30, 2009 December 31, 2009 December 31, 2009

Use of Non-GAAP Financial Metrics

The Company uses certain measures that are not defined by Generally Accepted Accounting Principles ("GAAP") to evaluate various aspects of its business. Adjusted EBITDA, adjusted EBITDA less capital expenditures and free cash flow are non-GAAP financial measures and should be considered in addition to, not as a substitute for, net income (loss) or cash flows from operating activities reported in accordance with GAAP.  These terms, as defined by Charter, may not be comparable to similarly titled measures used by other companies. Adjusted EBITDA is reconciled to consolidated net income (loss) and free cash flow is reconciled to net cash flows from operating activities in the addendum of this news release.  

Adjusted EBITDA is defined as consolidated net loss plus net interest expense, income taxes, depreciation and amortization, reorganization items, impairment charges, gains related to our emergence from bankruptcy and fresh start accounting adjustments, stock compensation expense, loss on extinguishment of debt, and other expenses, such as special charges and loss on sale or retirement of assets. As such, it eliminates the significant non-cash depreciation and amortization expense that results from the capital-intensive nature of the Company’s businesses as well as other non-cash or special items, and is unaffected by the Company’s capital structure or investment activities. Adjusted EBITDA less capital expenditures is defined as Adjusted EBITDA minus purchases of property, plant and equipment. Adjusted EBITDA and adjusted EBITDA less capital expenditures are used by management and the Company’s Board to evaluate the performance of the Company’s business. For this reason, they are significant components of Charter’s annual incentive compensation program. However, these measures are limited in that they do not reflect the periodic costs of certain capitalized tangible and intangible assets used in generating revenues and the cash cost of financing. Management evaluates these costs through other financial measures.    

Free cash flow is defined as net cash flows from operating activities, less purchases of property, plant and equipment and changes in accrued expenses related to capital expenditures.

$39 million $36 million December 31, 2010 $144 million $136 million December 31, 2010

December 31, 2010 pro forma December 31, 2010 pro forma Pro forma January 1, 2009 Pro forma December 31, 2010 pro forma September 30, 2010 December 31, 2009

About Charter

the United States 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 (the "Securities Act"), and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), 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," "tentative," "positioning" 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 United States
• the impact of competition from other market participants, including but not limited to incumbent telephone companies, direct broadcast satellite operators, wireless broadband providers, and digital subscriber line ("DSL") providers and competition from video provided over the Internet;
• general business conditions, economic uncertainty or downturn, high unemployment levels and the level of activity in the housing sector;
• our ability to obtain programming at reasonable prices or to raise prices to offset, in whole or in part, the effects of higher programming costs (including retransmission consents);
• the effects of governmental regulation on our business;
• the availability and access, in general, of funds to meet our debt obligations, prior to or when they become due, and to fund our operations and necessary capital expenditures, either through (i) cash on hand, (ii) free cash flow, or (iii) access to the capital or credit markets; and
• 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.

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.