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.

The Daily


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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