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Adelphia Proposes Revised Bankruptcy Plan...could delay deals with TWC & Comcast

> Adelphia Communications said Wednesday that it is revising
> its bankruptcy plan to settle a dispute among feuding credit
> holders that could stall the cable operator from completing
> its sale to Comcast and Time Warner Cable.

I note that Adelphia is facing a July 31 deadline to complete the sale of the company's assets to avoid a $440 million breakup fee. Mid-April is rather dangerously close to that deadline to be proposing a revision to the plan ...<P ID="signature">______________


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