TITLE

Judge favors Adelphia sale

AUTHOR(S)
Zeitchik, Steven
PUB. DATE
June 2006
SOURCE
Daily Variety;6/28/2006, Vol. 291 Issue 62, p1
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports the ruling of a bankruptcy court for the Southern District of New York that the sale of the Adelphia assets to Time Warner Cable and Comcast can proceed without a bankruptcy reorganization plan. The ruling means that the companies can conduct the sale without the blessing of creditors. The sale is expected to result in a complicated three-way trade between the companies that will switch the cable provider for an estimated 10 percent of American cable subs.
ACCESSION #
21442036

 

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