A group of equity holders in Adelphia called for the MSO to be sold off altogether. The Equity Committee filed a motion in US Bankruptcy Court—a stone’s throw from where the Rigas criminal trial is slated to begin—seeking to terminate the MSO’s exclusive periods to file a reorg plan, thus enabling the EC to submit its Chapter 11 plan, which would unload the company. Adelphia could command up to $24bln on the open market, although few have the cash and desire to make such a purchase. Paul Kagan sees TW Cable, Cox and Comcast as buyers, although we can’t see the feds letting Comcast make any more big purchases soon. Adelphia has until Feb 17 to file its reorg plan.

The Daily

Subscribe
Friday–December 20

Guthrie Reveals House Commerce Assignments

House Commerce Chairman-Elect Brett Guthrie (R-KY) revealed the subcommittee and vice chair assignments for the 119th Congress. Rep. John Joyce (R-PA) will serve as the Vice Chair of the Energy and Commerce

Read the Full Issue
The Skinny is delivered on Tuesday and focuses on the cable profession. You'll stay in the know on the headlines, topics and special issues you value most. Sign Up

Calendar

Apr 16
Cablefax 100 Awards Nominations Open November 13th, 2024.
Full Calendar

Jobs

Seeking an INDUSTRY JOB or hiring for one?
VIEW JOBS

In conjunction with our sister brand, Cynopsis, we are offering hiring managers a deep pool of media-savvy, skilled candidates at a range of experience levels and sectors. The result will be an even more robust industry job board, to help both employers and job seekers.

Contact Carley Ashley, [email protected], for more information about posting a job on the website and our Jobs newsletter, sent twice weekly to 85,000 media professionals.