Thursday, December 18, 2003

Adelphia bankruptcy explained to Lee County supervisors

Regarding the renewal of the cable franchise in Lee County, a spokesman for the company explained why promised extensions of service in the County have not been made, as reported in the article ("Lee grants franchise extension to Adelphia Communications," 12/17/2003) from the Kingsport paper (registration required).

The Adelphia spokesman "said the promise was made before bankruptcy was filed, and part of the reason the extension had not been made is because of the bankruptcy - which was brought on by the company expanding to areas that were not adequately populated to provide enough return on the investment."

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