Media Industry
Industry: Email Alert RSS FeedTime Warner and Comcast agree Adelphia buy.(Adelphia Communications Corp.)(Brief Article)
Screen Digest, May, 2005
Time Warner and Comcast have agreed to buy all the US assets of 5.2m-subscriber Adelphia Communications for $12.7bn cash and a 16 per cent stake in Time Warner Cable. Under the terms of the transaction Adelphia's stakeholders will receive $9.2bn in cash and 16 per cent of Time Warner Cable's common equity from Time Warner. Comcast will pay Adelphia $3.5bn in cash. As part of the transaction, Time Warner and Comcast will unwind their joint venture Time Warner Entertainment. Comcast will swap its 21 per cent stake in Time Warner Cable (held through Time Warner Entertainment) and pay $1.5bn cash in exchange for 1.8m cable subscribers. Comcast acquired the stake when it bought AT&T's cable assets in 2002. It agreed with regulators to divest the holding by end 2007. Adelphia...
Brought to you by CBS MoneyWatch.com
- Best- and Worst-Paid College Degrees
- 6 Things You Should Never Do on Twitter or Facebook
- How Much Sleep Do You Really Need?
- 6 Big Myths about Gas Mileage
- 5 Rules for Immediate Annuities
- Death in the Family: 12 Things to Do Now
- Dumbest Things You Do With Your Money
- 6 Online Networking Mistakes to Avoid
- 401(k) Mistakes to Avoid
- 5 Economic Scenarios to Keep You Up at Night
- The Real ‘Best Places to Retire’
- Best Credit Cards for You
- 12 Tough Questions to Ask Your Parents
- The Real ‘Best Colleges’
- Home Buyer Tax Credit: How to Cash In
- Why You Shouldn't Bash Cash
- 8 Phony 'Bargains' and Better Alternatives
- Danger: 3 Debit Card Scams to Avoid
- 6 Myths About Gas Mileage
- 29 Fees We Hate Most
- Quick and Easy Ways to Boost Returns
- Best Stocks to Buy Now
- Lower Your Taxes: 10 Moves to Make Now
- New Jobs: 8 Lessons from Real-Life Career Switchers
- The New Job Market: Who Wins and Who Loses?
- Health Care Reform's Public Option: Everything You Need to Know
- Volunteer Work When Unemployed: Should You Work for Free?
- Whose Recovery Is This?
- Long-Term-Care Insurance: 4 Biggest Risks to Avoid
Most Recent Arts Articles
Most Recent Arts Publications
Most Popular Arts Articles
- What makes a successful business person? Business people who are tops in their field have a lot in common, and art professionals can learn a lot from their successes and strategies
- Baggage Blues - how to handle lost luggage - Brief Article
- One giant step backward for photography - works of Steven Pippin
- Brittany Murphy - Interview
- Emily Watson - IVTR



