It could be Half-Adelphia: to reduce its huge debt, the woeful cable MSO will auction its best properties. (Top of the Week).(Adelphia Communications)(Brief Article)(Statistical Data Included)

Broadcasting & Cable, May, 2002 by Higgins, John M.

Adelphia Communications will auction its best properties as part of a plan to wiggle out of its debt and insider-dealing scandal. Too bad some of the most obvious prospective buyers may be constrained from bidding.

By taking bids for properties serving 2.75 million subscribers including systems in Los Angeles and South Florida, Adelphia will likely shrink 40%. The resulting Adelphia would be a much different company, owning systems in places like Erie, Pa., Martha's Vineyard, Mass., and Rutland, Vt.

The biggest markets Adelphia could dominate would be Buffalo, N.Y., and Cleveland. The company would also own systems in the suburbs of Pittsburgh.

After acquiring systems aggressively since 1999, Adelphia has no choice but to sell....

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