• Hey, guest user. Hope you're enjoying NeoGAF! Have you considered registering for an account? Come join us and add your take to the daily discourse.

TimeWarner/Comcast buying bankrupt Adelphia Cable

Status
Not open for further replies.

Phoenix

Member
NEW YORK - Time Warner Inc. and Comcast Corp. have reached a tentative agreement to buy Adelphia Communications Corp. for nearly $18 billion, according to newspaper reports.

The two media companies agreed in principle to buy bankrupt Adelphia for between $12 billion and $13.5 billion cash in addition to between $4.5 billion and $5.6 billion in stock in a company that would be created out of Adelphia and Time Warner’s cable unit, The Wall Street Journal and The New York Times reported in Friday’s editions.

Cablevision Systems Corp. also has expressed interest in acquiring Adelphia, which has been in bankruptcy since 2002. Bethpage, N.Y.-based Cablevision, which has about 3 million subscribers in the New York metro area, had reportedly offered $16.5 billion in cash.

An executive close to Adelphia told the Times the Time Warner/Comcast bid was “far and away the best deal actually on the table.”

MSNBC Link

More at the link
 

Diablos

Member
I've known about this for quite some time.
All I have to say is... everything had better stay the same. I hear Comcast (at least in my city) sucks. :mad:
 
Comcast rocks in my area. Before they bought out AT&T our cable modem speeds were always way lower than promised, and were all over the place. Our cable was going out at least once a week, usually for hours and hours at a time. Then Comcast came in and bought out AT&T. Over the next few months our cable got infinitely better. In the last 2 or 3 years since my cable has gone out only once or twice. And I've always got the speed promised with my cable modem, even during peak times of the day.
 

Phoenix

Member
DopeyFish said:
sorry for being out of the loop... but whatever happened to the AOL part of AOL Time Warner :p


AOL/TimeWarner became Time Warner last year at some point when both sides of the house said that the merged name was causing lots of investor and consumer confusion. At the time the bitch slapping/exodus of the AOL executives was happening (much like Palpatine disbanding the senate) so there was no way AOL was going to be dominant in the name of the company anymore - so they went back to Time Warner.
 

Phoenix

Member
Diablos said:
DNS fiasco?

The exact reasons aren't clear yet, but somehow Comcast lost ALL of its DNS servers for about 13 hours - blanking out large sections of the Internet for much of America.
 
Phoenix said:
The exact reasons aren't clear yet, but somehow Comcast lost ALL of its DNS servers for about 13 hours - blanking out large sections of the Internet for much of America.

DAMN COMCAST.....oh well i can't complain as they offer the best service for the price....
 

teh_pwn

"Saturated fat causes heart disease as much as Brawndo is what plants crave."
The only thing I don't like about comcast is that they use these really crappy motorolla cable modems that usually work just fine for about a month or two and then they begin to slowly die. Sometimes you'll be lucky and get one that doesn't break, but it's still annoying to figure out if the initial failures are caused by your modem or the network.

Knology on the other hand just sucks (a cable/internet/phone company in the southeast). Not only do they use the crappy motorolla modems. But they also FORCE you to have a guy come out to do the smallest thing. When problems happen they automatically put the blame on you. Then they charge $30 for their services. I much rather do it myself for free and not have to wait for some guy to come out and do it.
 

theo

Contest Winner
i HATE adelphia

worst service ever, i have to call in ppv's now, and half the digital channels dont work properly

time warner plz!
 

Diablos

Member
Phoenix said:
The exact reasons aren't clear yet, but somehow Comcast lost ALL of its DNS servers for about 13 hours - blanking out large sections of the Internet for much of America.
o_O The hell?
 

retardboy

Member
Hahahahaha How funny... I used to have Comcast about 6 years ago when I first got cable (@Home) and then it switched to Adelphia for some reason. Now I get Comcast back... I really liked Adelphia's speeds though. They kept upgrading my line speed even in bankrupcy. Gotta love that... Hopefully we get to keep our speeds when they fold into Comcast. Adelphia costs an arm and a leg though. Since we changed from Comcast to Adelphia, I think our bill went up $20 bucks.
 

rc213

Member
Comcast has been good the 4+ years ive had it. Only serious issue i had was when the neighbor's dog was chewing through the line, which i then blamed on comcast until they came and found the line had almost been chewed through. After that ive had probably about a weeks worth of downtime. Speeds are always great too.
 

djtiesto

is beloved, despite what anyone might say
My friends in Buffalo had Adelphia, and they all said the service absolutely sucked... cheaper than Cablevision (which we have here, obviously - I can see their headquarters from my office window :p) and more channels (though it doesn't have like 6 or 7 Spanish language channels like Cablevision :p), but periodically it was down... Powerlink's upload/download cap is extremely low and I remember my friends getting disconnected and booted rather frequently.
 
Status
Not open for further replies.
Top Bottom