Charter Said to Be Planning to Sell Assets

Charter Communications Inc. is seeking buyers for cable assets that may fetch as much as $1.2 billion, people who have seen the sale proposal said.

JPMorgan Chase & Co. and Daniels & Associates are managing the sale of the systems that serve 420,000 customers, almost half of which are in West Virginia, said the people, who asked not to be identified. Possible bidders include private-equity and cable-TV companies, they said.

Charter declined to comment.