It’s been several years since scandal first hit Adelphia. An accounting scandal resulted in Adelphia’s founder - who was publicly so conservative that he banned the Playboy channel from Adelphia, a move later reversed - and several family members being convicted for fraud and conspiracy.Adelphia has long been plagued with complaints about customer services, an issue acknowledged on the company’s Web site. The bankruptcy filing that followed the accounting scandal limited the company’s ability to offer advanced products to all of its customers.Time Warner is known as an innovative leader in the cable industry and offers customers video on demand, high-speed Internet access, high-definition television, telephone service over cable lines and personal video recorders among other services.This week Adelphia announced that it was forfeiting more than $1 billion in assets. Even if the acquisition is successful, it is still far off: the deal will take 9 to 12 months to be completed.
Better service ahead? Time Warner could acquire Adelphia
April 29, 2005
Santa Paula News
The long saga of Adelphia Cable continues with the announced acquisition of the cable provider by two companies signaling future changes - which should be for the better - for thousands of customers, including those in Santa Paula.
By Peggy KellySanta Paula TimesThe long saga of Adelphia Cable continues with the announced acquisition of the cable provider by two companies signaling future changes - which should be for the better - for thousands of customers, including those in Santa Paula. Last week two cable TV giants announced that they would be acquiring Adelphia through a $17.6 billion deal.If approved by regulators, the deal would make Time Warner the industry’s number one cable provider in Southern California. Time Warner would jointly acquire Adelphia with Comcast Corp.Time Warner would take over not only Adelphia’s 1.1 million subscribers, but also Comcast’s nearly 600,000 customers in Southern California, to become the largest cable provider. Comcast is the nation’s largest cable provider, and the deal would solidify Time Warner’s position as the nation’s second place provider.
