Adelphia’s Ron Cooper is entitled to receive a cash payment of up to $6.8mln on Wed for his work in guiding the MSO’s sale to Comcast and Time Warner, says an SEC filing. If the board determines that his performance was exemplary, he could receive an additional $3.4mln. Cooper is prevented for 1-year from going to work for Qwest, Verizon, BellSouth, AT&T, any DBS, MSO or DSL provider in the continental US and/or Puerto Rico that has a service area overlapping 10% or more of the company’s service area. Meanwhile, Adelphia said it posted 2Q net income of $1.2bln, up from $1.1bln a year ago. — "Ojo" videophone maker WorldGate completed a deal for up to $11mln of convertible debenture financing with Cornell Capital-the largest investment by a single investor in the company’s history. WorldGate received $6mln at the closing of the deal.

The Daily


Redbox Debuts on NASDAQ

With Redbox completing its previously announced combination with Seaport

Read the Full Issue
The Skinny is delivered on Tuesday and focuses on the cable profession. You'll stay in the know on the headlines, topics and special issues you value most. Sign Up


Dec 7
Most Powerful Women Celebration Register to Join Us in NYC to Celebrate!
Full Calendar


Seeking an INDUSTRY JOB?

Hiring? In conjunction with our sister brand, Cynopsis, we are offering hiring managers a deep pool of media-savvy, skilled candidates at a range of experience levels and sectors, The result will be an even more robust industry job board, to help both employers and job seekers.

Contact for more information.