Time Warner, Comcast Sued Over Adelphia Plan
From Bloomberg News
Time Warner Inc. and Comcast Corp. were accused of antitrust violations in a lawsuit seeking to block their purchase of assets of cable TV operator Adelphia Communications Corp.
The federal suit in Minnesota was filed by America Channel, a Heathrow, Fla.-based cable operator.
“The allegations in this complaint are entirely frivolous, and we are confident that this matter will not impede closing of the Adelphia transaction,” a Time Warner spokeswoman said.
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