Friday, April 08, 2005
RED HERRING | Cable Rivals to Buy Adelphia
RED HERRING | Cable Rivals to Buy Adelphia: "But when the two top operators in the industry cooperate in an effort to acquire a total of 5.3 million subscribers, and a third major player also makes a bid, it could mean that they believe size could help insulate the former monopolies from some of the penalties of tighter competition. At $18 billion, the deal would value each subscriber at nearly $3,400."
