CHARTER COMMUNICATIONS: About that $10 million we’re giving you… - Wait, What?

CHARTER COMMUNICATIONS: About that $10 million we’re giving you… - Wait, What?:

CHARTER COMMUNICATIONS: About that $10 million we’re giving you…

by jonpelto

Earlier this week, Charter Communications, Inc., “a Fortune 500 company and the fourth-largest cable operator in the United States,” became Governor Malloy’s ‘Next Five’ Corporate Welfare recipients.  With revenue of $1.9 billion during the last financial quarter, the company did lose $83 million, but that was an improvement over the same quarter the year before, when Charter lost $107 million.

For most of us, not enough revenue to cover expenses poses a problem.  As I can attest, banks seem to frown on giving, or even loaning money to people whose income is deemed inadequate or insufficient.

But we don’t call our economic system “advanced capitalism” for nothing.

In return for promising to create 200 jobs, Charter will receive a taxpayer-funded 10-yea