Adelphia Communications founder John Rigas was finally sentenced yesterday after a five-month trial. He received a sentence of 15 years for using millions in company money for personal use, and lying about finances.
80-Year-Old Adelphia Founder Sentenced to 15 Years, Maybe Less
80-year-old John Rigas, the founder of Adelphia Communications, was sentenced to 15 years, though he may get less due to how old he is.
80-Year-Old Adelphia Founder Gets 15 Years
John Rigas, the founder of Adelphia Communications, was sentenced to 15 years in prison today for taking millions of dollars from the company for his own personal use, and lying about finances.
Adelphia Gets Picked Up By Time Warner and Comcast
Time Warner and Comcast are buying Adelphia (not including Puerto Rican operations) for $12.7 billion in cash and 16% of Time Warner Cable’s common stock.
Time Warner and Comcast To Acquire Adelphia U.S. Assets
Time Warner and Comcast is acquiring the U.S. assets of Adelphia for $12.7 billion in cash and 16% of the common stock of Time Warner’s cable subsidiary, Time Warner Cable.