Adelphia Communications Corporation

For other uses, see Adelphia Communications Corporation (disambiguation).

Adelphia Communications Corporation

File:Adelphia.jpg
Company type	Public
Industry	Telecommunications
Founded	1952 in Pennsylvania
Headquarters	Greenwood Village, Colorado
Key people	William T. Schleyer, Chairman and CEO Ronald (Ron) Cooper, President and COO Vanessa Wittman, EVP and CFO
Products	Cable television, Internet Service Provider (128k cable)
Revenue	$3.61 billion (2003)
Number of employees	14,000
Website	www.adelphia.com

Adelphia Communications Corporation Template:Otcbb, named after the Greek word for "brotherhood", was the sixth largest US cable television operator before it filed for bankruptcy in 2002 due to internal corruption. The Rigas family (John Rigas and sons), which founded the company in 1952, had allegedly been deceiving its investors as well as mismanaging and allocating funds. Along with one of his sons, John Rigas, now 80, was convicted in the summer of 2004 of conspiracy, bank fraud, and securities fraud.

Adelphia is currently undergoing improvements in management and customer care. Although some argue that Adelphia's increases in cable rates are unnecessary and unreasonable, others argue that it is necessary to temporarily issue the increases at intervals to pull the company out of its bankrupt state. The company says price increases are to cover costs of current operations and not related to the bankruptcy. Adelphia, despite its current situation, continues to expand its cable television and internet services as the new management team makes drastic management and leadership improvements. Adelphia also appears to be keeping up with the recent changes in technology as it expands to offer such services as HDTV. Within the past year or so, Adelphia has also begun to market their own DVR-equipped cable boxes, which add recording functions comparable to those of TiVo.

In 2003-04, Adelphia became the first leading cable company to offer XXX-rated pornography programming in a major market (Southern California). This move marked a sharp change in the company's attitude towards such programming. Subsequently, the company removed the XXX programming and retuned to offering only XX programming. Under the Rigas management, the company had, in 1999, dropped the Spice channel, which featured soft-core pornography, from several newly acquired cable systems, citing conflict with founder John Rigas' morality.

One previous marker of Adelphia's success before its bankruptcy included the naming of a football stadium, The Coliseum (formerly Adelphia Coliseum) in Nashville, after its company name. Currently Adelphia is working on closing an 18 billon dollar deal with Time Warner Cable and Comcast Communication. Adelphia will split up their regions.

Management

• Chairman and CEO: William T. Schleyer
• President and COO: Ronald (Ron) Cooper
• EVP and CFO: Vanessa Wittman

See also

• Corporate abuse

External links

• Corporate Site
• Customer Portal
• Adelphia Southern California Site
• Adelphia Media Services (Cable Advertising) Site
• News article on Rigas' conviction
• News article on Adelphia's decision to offer XXX-rated pornography

• Data
  • Yahoo! - Adelphia Communications Corporation Company Profile