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New Adelphia pact signed by Comcast and Time Warner Cable

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According to the article Comcast, Time Warner Sign Adelphia Pact, Time Warner Cable and Comcast have signed an amended agreement to buy Adelphia. Adelphia said the deal is awaiting approval by bankruptcy court, which is scheduled for tomorrow. The revised agreement would allow the sale to go through without a reorganization plan or a creditor's vote, both of which could have delayed the sale.

Posted by Stephanie on June 26, 2006 1:16 PM |

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