CHTR » Topics » Net (income) loss – noncontrolling interest.

This excerpt taken from the CHTR 10-Q filed May 7, 2009.
Net (income) loss – noncontrolling interest.  Noncontrolling interest increased $131 million for the three months ended March 31, 2009 compared to the three months ended March 31, 2008.  Noncontrolling interest represents the allocation of income to Mr. Paul G. Allen’s, Charter’s chairman and primary shareholder, 5.6% preferred membership interests in CC VIII, LLC (“CC VIII”) and effective January 1, 2009, the allocation of losses to Mr. Allen’s noncontrolling interest in Charter Holdco.  The increase is the result of the adoption on January 1, 2009 of SFAS No. 160, Noncontrolling Interests in Consolidated Financial Statements - An Amendment of ARB No. 51, which requires losses to be allocated to noncontrolling interest even when such interest is in a deficit position.

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