[opendtv] MergerTalk: Adelphia auction could unleash flurry of cable M&A
- From: Monty Solomon <monty@xxxxxxxxxx>
- To: undisclosed-recipient: ;
- Date: Fri, 14 May 2004 11:28:17 -0400
MergerTalk: Adelphia auction could unleash flurry of cable M&A
- May 13, 2004 11:43 AM (Reuters)
By Julie MacIntosh and Michael Learmonth
NEW YORK, May 13 (Reuters) - The frequent wheeling and
dealing among U.S. cable companies has ground to a halt now
that the potential sale of bankrupt Adelphia Communications
Corp. (PK:ADELQ) threatens to redraw the industry's borders.
Pockmarked maps showing which companies serve which
subscribers aren't likely to change much until a victor emerges
in the bid for Adelphia's 5.4 million subscribers.
But when the gavel drops on the No. 5 cable operator, a
flurry of system-swapping could erupt among major players
aiming to consolidate certain markets, analysts and investment
bankers said. So could other acquisitions -- particularly on
the content-providing side.
..
- http://finance.lycos.com/home/news/story.asp?story=41408932
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