Aug 1 2006

Adelphia Is Finally Gone

Both of the local Denver papers ran good summary articles on the closing of the sale of Adelphia to Time Warner Cable and Comcast.  This was a long and arduous process – when Adelphia went into bankruptcy there was some talk of a straight liquidation given how much of a mess the Rigas family and prior management had made of it.  This has been a high profile deal in Colorado and both Time Warner Cable and Comcast have deep roots in the Colorado cable scene.  If you follow this, both articles – DenverPost: Adelphia execs exit as sale finalized and RockyMountainNews: Adelphia’s assets now in hands of cable giants – are good descriptions of the end of this particular story.

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