Time Warner Cable would merge with Adelphia under terms of bid

02/3/2005 | Wall Street Journal, The

Details of the joint bid by Time Warner and Comcast for bankrupt Adelphia Communications are emerging, and they show a plan to dramatically alter the cable universe. Under the terms of the bid, Time Warner would merge all its cable operations into Adelphia and create a new company that would be majority-owned by Time Warner. According to sources, Comcast will contribute as much as $2 billion in cash and its 21% stake in Time Warner Cable to the deal. In exchange, Comcast would get 2 million to 2.5 million subscribers.

View Full Article in:

Wall Street Journal, The

Published in Brief:

SmartBrief Job Listings for Media

Job Title Company Location
Director, Sales Training & Enablement
Pandora Media, Inc.
Oakland, CA
Marketing Manager/Director
Business Insurance
Chicago, IL
Marketing Manager/Director
Business Insurance
Chicago, IL
Senior Manager, Marketing
IAB
New York, NY
VP, Membership Sales
Mobile Marketing Association (MMA)
New York, NY