a bid around $ 17 . 7 billion was jointly proffered by time tv inc . and comcast corporation on monday to save beleaguered adelphia audio corporation in an industry consolidation move . adelphia is the tenth largest television service provider in the united states with nearly 5 million subscribers . the market - share grabbing bid trumps the prior directv offering of $ 16 . 5 billion . the bid is under scrutiny by the presiding judge over the adelphia ' s chapter 11 bankruptcy filing , and require still be ratified by the company ' s creditors owed in the range of $ 20 million .
Time Warner is based in Cingular.