Adelphia Communications Corporation
News and overview for Adelphia Communications Corporation
Key dates in the history of Comcast Corp. -- South Florida Sun-Sentinel.com
Sun-Sentinel (Fort Lauderdale, Fla.) | 4 days 7 hours 58 minutes ago
Key events in Comcast Corp. 's history:
PhillyDeals: Executive compensation: Is it criminal?
Philadelphia Inquirer, The | 26 days 23 hours 17 minutes ago
Should executives go to prison for collecting too many millions from the companies they run?
The 12-step path to white-collar crime
EurekAlert! | 38 days 16 hours 54 minutes ago
Adelphia Communications, Barings Bank, Enron, HealthSouth, HIH Insurance, Hollinger International, Tyco International, WorldCom/MCI, Xerox ... the white collar crime list goes on. But, did the executives at these companies start out as criminals or did they head down the slippery slope to criminality one misplaced step at a time? According to research to be published in the International Journal of Business Governance and Ethics, there are 12 steps to white-collar crime.
3 Results
Sign up for USTelecom dailyLead
Company Overview
| Company: | Adelphia Communications Corporation |
|---|---|
| Industry: | Cable TV System Operators |
| Website: | http://www.adelphia.com |
Brother, can you spare a cable system? Until 2006 Adelphia (Greek for "brother") Communications provided cable TV service to about 5 million subscribers in 31 US states and Puerto Rico. It also offered digital TV over its upgraded cable systems to 1.8 million subscribers and broadband Internet access to another 1 million. Adelphia grew rapidly through acquisitions, but the Rigas family was forced to give up control of the company in 2002, and Adelphia filed for Chapter 11 bankruptcy protection that year. (Founder John Rigas and son Timothy were convicted on fraud charges in 2004.) Instead of trying to continue on its own, Adelphia sold all of its assets to Time Warner Cable (TWC) and Comcast.
Key Numbers
| Sales in U.S. Dollars (mil.) | 4,364.6 (2005) |
|---|---|
| One-year % Growth in Sales | 5.3 (2005) |
| Net Income in U.S. Dollars (mil.) | 34.7 (2005) |
| One-year % Growth in Net Income | 0.0 (2005) |
| Number of Employees | 0 (0) |
| One-year % Growth in Number of Employees | 0.0 (0) |
| Fiscal Year-End | December |