Adelphia Communications Corp (796486) SEC Filing 10-Q Quarterly report for the period ending Thursday, March 31, 2005

Adelphia Communications Corp

CIK: 796486

Exhibit 99.1



For Immediate Release




(Media) Paul Jacobson (303) 268-6426



(Media) Erica Stull (303) 268-6502



(Investor Relations) Jeff Lawton (303) 268-6419



Adelphia Files Second Amended Plan of Reorganization


Represents Another Step Toward Bankruptcy Resolution and
Completion of Sale to Time Warner and Comcast


Greenwood Village, Colo., June 25, 2005 –

Adelphia Communications Corporation (OTC:ADELQ) today filed a second amended plan of reorganization with the U.S. Bankruptcy Court for the Southern District of New York, together with the related amended disclosure statement.


The filing represents continued forward progress toward ultimate resolution of the Adelphia bankruptcy case. A disclosure hearing is expected later this summer, followed by creditor balloting, and a confirmation hearing to approve a final plan of reorganization.


“This amended plan is another milestone in our bankruptcy process, but we still have significant work to do with all the relevant constituents ,” said Bill Schleyer, chairman and CEO of Adelphia. “Over the course of the summer, we will work diligently to balance the competing interests of our bankruptcy constituents and address open issues with a goal of being prepared for a disclosure hearing by the end of summer.  Throughout this process, maximizing value for our bankruptcy constituents has remained our most important goal.  We will keep the process moving ahead.”


The Company noted that this filing sets the stage for the next round of negotiations regarding the plan of reorganization. It is expected that there will be significant negotiations regarding the terms of the proposed plan of reorganization and disclosure statement as the constituents work through a number of inter-creditor issues. It is also expected that the open issues noted in the document and the anticipated negotiations, will result in additional material changes to the proposed plan and disclosure statement.


On April 21, 2005, Adelphia announced that it has reached definitive agreements for Time Warner Inc. (NYSE:TWX) and Comcast Corporation (Nasdaq: CMCSA, CMCSK) to acquire




The following information was filed by Adelphia Communications Corp on Monday, June 27, 2005 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Definitive Proxy Statement (Form DEF 14A)
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Adelphia Communications Corp's Definitive Proxy Statement (Form DEF 14A) filed after their 2005 10-K Annual Report includes:

  • Voting Procedures
  • Board Members
  • Executive Team
  • Salaries, Bonuses, Perks
  • Peers / Competitors


SEC Filing Tools
CIK: 796486
Form Type: 10-Q Quarterly Report
Accession Number: 0001047469-05-026264
Submitted to the SEC: Fri Nov 04 2005 3:48:27 PM EST
Accepted by the SEC: Fri Nov 04 2005
Period: Thursday, March 31, 2005
Industry: Cable And Other Pay Television Services

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