Kirk Evans Blog

.NET From a Markup Perspective

Time Warner, Comcast Snare Adelphia

Time Warner, Comcast Snare Adelphia

  • Comments 1

After a year of wrangling and a couple surprises (including a last-minute toss into the ring), Time Warner and Comcast have agreed in principle to purchase bankrupt Adelphia's 5.5 million subscribers for $18 million.

Adelphia, the fifth-largest U.S. cable television provider, filed for bankruptcy after founder John Rigas and others were accused of looting the company and cheating investors out of billions of dollars. Rigas and his son Timothy were convicted of conspiracy, bank fraud and securities fraud.

Read more... http://www.940news.com/news.php?cat=8&id=b040885A

  • Watching a movie tonight (First Daughter, a benign movie that allows you to "watch" a move of your wife's...
Page 1 of 1 (1 items)
Leave a Comment
  • Please add 5 and 5 and type the answer here:
  • Post
Translate This Page
Search
Archive
Archives