a bid topping $ 17 . 7 billion was mutually proffered by cost media inc . and comcast corporation on thursday to buy shaky mirant broadcast worldwide in an industry merging move . adelphia is the fifth biggest telephone service provider in the united states with nearly 5 300 subscribers . the market - base splitting offering trumps the previous cablevision offer of $ 16 . 5 billion . the bid is under scrutiny by the presiding judge over the adelphia ' s chapter 11 tax filing , and may still be approve by the company ' s creditors owing in the area of $ 20 million .
Time Warner is based in Cingular.