Comcast Buying Adelphia?

Discussion in 'The Business of Hockey' started by Stevedude530, Jul 18, 2006.

  1. Stevedude530

    Stevedude530 Registered User

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    Is there truth to this? Apparently, if this happens, it will add a signifigant amount of homes to it's stable of viewers.

    Can anyone give me some info? In the MLB article I just posted, it said 30 million would be added to OLN. I don't know though for sure.
     
  2. kdb209

    kdb209 Global Moderator

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    Actually Comcast and Time Warner are buying Adelphia assets for $17.6B deal - with TW picking up more of the Adelphia subscribers (3.5M vs 1.8M). The deal has been in the works since April 2005, and just got FCC approval last week (July 13).

    Adelphia has been in bankruptcy since 2002 and its former CEO (and owner of the Sabres - ob NHL content) was convicted of securities and bank fraud in 2004.

    http://money.cnn.com/2005/04/21/technology/adelphia/
    http://www.internetnews.com/xSP/article.php/3499451

    http://www.fcc.gov/transaction/tw-comcast_adelphia.html

    And no, Comcast is not getting 30M new subscribers - Adelphia was only in 5.3M homes - Comcast is adding less than 2M.

    Edit: from reading the MLB/OLN threads - the Adelphia deal will increase Comcast's subscriber base to 30M total (not add 30M).
     
    Last edited: Jul 19, 2006
  3. LA Blue

    LA Blue Registered User

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    I hope this means I will become a Comcast customer soon. I used to have Comcast but moved to an area that only had Adelphia. Some would think no big deal, but when I had Comcast I was able to watch the hockey games Comcast would stream on the internet. Now I'm hoping to have that back.

    Matt
     
  4. No One

    No One Registered User

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    I think all of the Southern California Adelphia customers will become Time Warner Cable customers.

    OLN, at least for TW OC, is on the digital variety 2 tier right now.

    I read in the L.A. Times yesterday (?), the editorial section, and they said TW was going to be the major cable company in the L.A. area.
     

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