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August 01, 2006

Adelphia Sale Official

As of Monday, the sale of Adelphia assets to Time Warner Cable and Comcast became official. The deal cost Time Warner Cable and Comcast about $12.5 billion in cash and a 16 percent of the equity of Time Warner's cable subsidiary. Adelphia's 4.8 million customers will be distributed between Comcast and Time Warner Cable. The sale comes after months of work to see the deal go through. Consumers in areas affected by the deal can go to WhiteFence to find out what cable services are available in their area. You can read more about the deal in the article It's Official: Adelphia Goes to Comcast, Time Warner Cable.

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