Adelphia posted a $6.53/share net loss for FY ’04, an SEC filing says. It lost $4.31/share in 1Q; 67 cents/share in 2Q; and $1.04/share in 3Q. — Comverse will pay $251mln cash for CSG’s global-software div. The deal is expected to close Jan 31. — Moody’s downgraded Viacom’s debt 3 notches to Baa3- the lowest investment grade.

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Verizon, NYC Reach Settlement

Verizon has an agreement with New York City that settles proceedings against it after the city claimed it had failed to meet buildout terms for its Fios network under its cable franchise agreement.

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