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Revised Adelphia Pact Signed

C

CrankyYankee

Comcast Corp. and Time Warner Cable have signed revised agreements to buy the assets of bankrupt cable operator Adelphia Communications Corp., clearing the way for a deal that would strengthen their hold as the nation's two largest cable operators.

Adelphia, the fifth-largest cable firm in the country, said the deal awaits the approval of the bankruptcy court on Tuesday.

Read more at the following link:

http://hosted.ap.org/dynamic/storie...ME&TEMPLATE=DEFAULT&CTIME=2006-06-23-16-07-34
 
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