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What is Adelphia worth?
NEW YORK — Time Warner and Comcast, the two largest U.S. cable television companies, said Thursday that they had reached an agreement to acquire Adelphia Communications in a cash and stock deal valued at $17.6 billion.
Who was the CEO of Adelphia?
Adelphia Communications Corporation
| Type | Public |
|---|---|
| Key people | John Rigas, founder William T. Schleyer, Chairman and CEO Ronald (Ron) Cooper, President and COO Vanessa Wittman, EVP and CFO |
| Products | Cable television, Internet service provider |
| Revenue | $3.61 billion (2003) |
| Number of employees | 275 (2006) |
Who owned Adelphia cable?
Timothy Rigas was released from prison in July 2019 after serving 12 years. Adelphia eventually filed for bankruptcy and was divided up and acquired by Comcast and Time Warner. The Rigas family had to forfeit $1.5 billion in assets.
Who owns Adelphia cable?
Comcast
In 2016, at age 91, he was granted compassionate release. Timothy Rigas was released from prison in July 2019 after serving 12 years. Adelphia eventually filed for bankruptcy and was divided up and acquired by Comcast and Time Warner. The Rigas family had to forfeit $1.5 billion in assets.
What happened to Adelphia email?
Sometime in May, Internet subscribers’ addresses ending in the old “adelphia.net” address will switch to Time Warner’s domain name, “roadrunner.com.” The first part of the address, before the “at” sign, will remain the same.
What does Adelphia mean?
Meaning of Adelphia: Name Adelphia in the Greek origin, means A beloved sister, brotherhood. Name Adelphia is of Greek origin and is a Girl name.
What caused the scandal that affected Adelphia Communications?
Mulcahey, caused Adelphia to fraudulently exclude from the Company’s annual and quarterly consolidated financial statements over $2.3 billion in bank debt by deliberately shifting those liabilities onto the books of Adelphia’s off-balance sheet, unconsolidated affiliates.