Adelphia, Bondholders Reach an Agreement

Farrell, Mike
July 2006
Multichannel News;7/31/2006, Vol. 27 Issue 30, p34
The article reports on the agreement of Adelphia Communications Corp. with at least some of its dissident bondholders in the U.S. The agreement has brought the cable company a step closer to ending its four-year bankruptcy saga. Adelphia has decided to sell its assets for $16.9 billion to Time Warner Inc. and Comcast Corp. According to Adelphia chairman and CEO William Schleyer, the agreement will help pave the way toward a new, modified plan of reorganization.


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