LONDON -- U.K. cable firm Telewest Communications said Thursday that group managing director Charles Burdick had resigned and that industry veteran Barry Elson was named acting CEO. Telewest is undergoing a financial restructuring, having agreed in September to final terms of a long-sought $5.6 billion debt-for-equity swap that will see bondholders take 98.5% of the company's equity. Burdick had been group managing director since the departure of Adam Singer in July 2002. "I want to thank everyone, especially the Telewest management team, for helping me lead the company through this difficult period of financial and operational restructuring," Burdick said. "I have enjoyed my time at the company, but it is a time of change and I am leaving to pursue other opportunities. I have No Doubt that Barry will do a good job."...
- 2/19/2004
- The Hollywood Reporter - Movie News
Telewest Communications pays former CEO Adam Singer £1.8 million last year, according to its annual report ... Cablevision Systems' former corporate director of security files a $2 million lawsuit against the cable operator ... Viacom Inc. in Los Angeles names Paul Latham as director of finance for KCBS and KCAL.
- 4/24/2003
- The Hollywood Reporter - Movie News
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