Adelphia, NBC Reach $7.2M Deal Over Fees

Law360, New York (March 25, 2008, 12:00 AM EDT) -- Two years after NBC objected to Adelphia Communications' Chapter 11 plan because of fees owed to the network by the bankrupt cable company, the two parties have reached a $7.2 million settlement deal.

As part of a 2006 amendment to a $1.3 billion debtor-in-possession loan, Adelphia arranged to retransmit programming from NBC-owned networks to Time Warner Inc. and Comcast Corp.

NBC objected to that plan, since it did not mention Adelphia's obligation to pay fees to NBC for its programming.

NBC's claims, filed in August 2006,...
To view the full article, register now.