Adelphia Gets Bites, Local Sale Uncertain
Struggling cable company Adelphia Communications Corp. has had as many as 10 inquiries for its Southern California operations but could end up keeping them, according to its interim chief executive.
“We believe there are viable buyers out there for our systems,” Erland Kailbourne said late last month. “It’s a matter of getting appropriate value for our shareholders.”
Adelphia still could end up keeping its Southland operations, Kailbourne said. That includes the company’s OC franchises serving about 200,000 subscribers in North County. For now, Adelphia officials said only that no immediate layoffs or reductions in services are planned locally.
“Here in Southern California we have an operation that works real well,” said Bill Rosendahl, vice president of political affairs for Adelphia. “We’ll take the Cadillac and polish it off. If it goes back on the block it won’t be with a note of desperation.”
Adelphia came to OC in 1999 when it bought New York-based Century Communications Corp. A year later, it took over some local 110,000 subscribers from Philadelphia-based Comcast Corp.
