Cable Channel Files Suit Opposing Adelphia Sale

Law360 (May 31, 2006, 12:00 AM EDT) -- A small cable television channel has taken on broadcasting powerhouses Time Warner Inc. and Comcast Corp., hoping to block their impending acquisition of now-bankrupt Adelphia Communications Corp.

Florida-based The America Channel has filed a suit accusing the two cable companies of conspiring to fix prices in cable markets across the country by submitting a joint bid for Adelphia, rather than competing for the company’s remaining assets.

After Adelphia filed for bankruptcy last year, Time Warner and Comcast agreed to purchase the company for $17.6 billion....
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.