Time Warner/Comcast bid to snap up Adelphia cable service
April 9, 2005 A bid topping $17.7 billion was jointly proffered by Time Warner Inc. and Comcast Corporation on Thursday to buy beleaguered Adelphia Communications Corporation in an industry consolidation move. Adelphia is the fifth largest cable service provider in the United States with nearly 5 million subscribers. The market-share grabbing bid trumps the previous … Read more