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Adelphia Communications Corporation, named after the Greek word "brothers", was the fifth largest cable company in the United States before filing for bankruptcy in 2002 as a result of internal corruption. Adelphia was founded in 1952 by John Rigas in the town of Coudersport, Pennsylvania, which remained the company's headquarters until it was moved to Greenwood Village, Colorado shortly after filing for bankruptcy. The majority of Adelphia's revenue-generating assets were officially acquired by Time Warner Cable and Comcast on July 31, 2006. LFC [1], an internet-based real estate marketing firm, auctioned off the remaining Adelphia real estate assets. As a result of this acquisition, Adelphia no longer exists as a cable provider. Adelphia's long-distance telephone business with 110,000 customers in 27 states (telephone & long-distance services) was sold to Pioneer Telephone for about $1.2 million. Had the 110,000 telephone customers been shut off versus being sold to Pioneer Telephone, those customers would have more than likely left Adelphia cable and high speed internet services. The potential financial damage to the creditors of Adelphia was over $150 million dollars. Although the purchase price by Pioneer Telephone was relatively small ($1.2 million) the transaction was very significant. Upon divesting its cable assets, Adelphia retained a skeleton crew of 275 employees to handle remaining bankruptcy issues. It still exists as a corporate entity, continuing largely to settle ongoing financial obligations and litigation claims, as well as to consummate settlements with the SEC and the U.S. Attorney. From Wikipedia under the
GNU Free Documentation License What do you think will happen to stock holders that are invested in Adelphia Communications? ADELQ.PK? Q. Adelphia Communications is currently in bankrupcy and I wonder if the current owners of the stock will lose all that they have invested in this stock if they don't sell? Asked by rev - Tue Jul 4 21:46:40 2006 - - 3 Answers - 0 Comments A. NEW YORK, June 28 (Reuters) - Adelphia Communications Corp. (ADELQ.PK:) said on Wednesday that the judge in its bankruptcy proceedings has cleared the sale of its interest in two joint-venture businesses with Comcast Corp. (CMCSA.O:). The buyout by Comcast is necessary so it and Time Warner Inc. (TWX.N) can complete their acquisition of the vast majority of Adelphia's assets in a $17.6 billion deal, which got the go-ahead from the same judge on Tuesday. The two Adelphia/Comcast joint ventures, Century-TCI California Communications and Parnassos Communications, were created before Adelphia went into bankruptcy in 2002. They operate cable systems in the Los Angeles and Buffalo, New York/Ohio areas, respectively, and jointly have more than… [cont.] Answered by rhutson - Wed Jul 5 01:54:33 2006 Adelphia Communications - Mission Statement?
Q. Please help me locate an old mission statement for Adelphia Communications. I need their old mission statement for an accounting paper. The company closed due to fraud years ago, and I can't locate the mission statement. Thanks! Asked by Dust - Thu Nov 27 11:50:24 2008 - - 1 Answers - 0 Comments A. Which one do you want? Email me Answered by Ichi - Fri Nov 28 09:58:53 2008 From Yahoo Answer Search: "Adelphia Communications"
 news.google.com Wall Street Journal (blog) Already in prison for securities fraud, Adelphia Communications Corp. founder John Rigas and his son, Timothy, must stand trial again, this time on charges ... news.google.com Multichannel News ... a New York-based private-equity firm, and oversees Crestview's media assets, which include a cable system it bought from Adelphia Communications several ... news.google.com HNonline.sk Gerber riadil bankroty viacerych ve kych spolo nosti, vratane operatora kablovej televizie Adelphia Communications alebo nedavno automobilky General Motors. ... and more » From Google News Search: "Adelphia Communications"  marketplace.publicradio.org 136px x 142px | 39.60kB [source page] Listen to story  financegates.com 78px x 105px | 2.00kB [source page] Cablevision Systems Corp has raised its bid for the fifth largest cable operator Adelphia Communications Inc to $17 1 billion from the previous $16 5 billion in an attempt to  projo.com 182px x 150px | 9.30kB [source page] AP photo in cuffs john Rigas founder and former chairman and CEO of cable television giant Adelphia Communications Corp is led From Yahoo Image Search: "Adelphia Communications"  adelphia-internet.blogspot.com Top Pet Wed, 09 Sep 2009 17:51:00 GM Adelphia Communications. Corp. doesn't often win praise on these pages, but this time the cable TV giant that serves Colorado Springs deserves some kudos for good service. When shut down its Internet service last week, ...  atlantatowing.info Atlanta Towing Service ue, 14 Jul 2009 19:49:59 GM adelphia's. rigases seek dismissal of us tax case bloomberg july 14 (bloomberg) a lawyer for imprisoned . adelphia communications. corp. founder john rigas and his son timothy asked a court to . madoff is moved to a prison in butner, ...  drewclark.com Drew Fri, 14 Jul 2006 03:45:00 GM the fcc on thursday approved the acquisition of . adelphia communications. by comcast and time warner on a 4-1 vote. the agency included conditions governing the carriage of regional sports networks but did not require that the operators ... From Google Blog Search: "Adelphia Communications" |
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