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Adelphia Communications Corporation was an American cable television company with headquarters in Coudersport, Pennsylvania. It was founded in 1952 by brothers Gus and John Rigas after the pair purchased a cable television franchise for US$300.
With more than 5.8 million subscribers in 37 U.S. states and Puerto Rico, Adelphia Communications Corporation is one of the nation's leading cable service providers. Adelphia achieved exponential growth in the 1980s and 1990s through aggressive acquisition strategies.
Adelphia Communications Corporation was an American cable television company with headquarters in Coudersport, Pennsylvania. It was founded in 1952 by brothers Gus and John Rigas after the pair purchased a cable television franchise for US$300.
Company profile page for Adelphia Communications Corp including stock price, company news, executives, board members, and contact information.
The SEC filed a lawsuit against Adelphia Communications Corp. and its founder and sons, alleging that they hid billions of dollars in liabilities, inflated earnings, and engaged in self-dealing. The lawsuit seeks to recover ill-gotten gains, impose civil penalties, and bar the defendants from acting as officers or directors of a public company.
Dec 20, 2019 · In 1952 he bought the local cable television station for $300, naming the new company Adelphia Communications Corporation.
Apr 21, 2005 · Time Warner and Comcast agreed to acquire substantially all the assets of Adelphia Communications for $12.7 billion in cash and stock in 2005. The transactions expanded both companies' cable footprints, enhanced their subscriber clusters and accelerated the delivery of new products and services.
