In an attempt to settle a creditor fight threatening to derail its TW-Comcast acquisition, Adelphia filed a new reorg plan that favors one creditor group over another. The proposal would give "Arahova" creditors $1.04 on the $1. "Holding company" creditors would get 14-43 cents. Details of the plan caused the MSO’s 10.25% bonds due ’11 to plunge to 53.5 cents on the dollar from 63.2 cents on Wed, Reuters reported.

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New Street Drops Altice USA to ‘Neutral’

New Street Research is downgrading Altice USA to “Neutral” after a warning from CEO Dexter Goei that the provider would lose subs in 3Q21. “The stock is too cheap, even with 12-18 months pause in share

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