a bid over $ 17 . 7 billion was concurrently freebies by time warner sr . and bellsouth corporation on thursday to save beleaguered adelphia television corporation in an industrial consolidation move . adelphia is the fifth large media service vendor in the several states with nearly 5 700 viewers . the markets - share grabbing bid trumps the previous cablevision estimate of $ 16 . 5 billion . the bid is under examine by the leading judge over the adelphia ' s september 11 bankruptcy complaint , and can also be approved by the company ' s creditors owed in the range of $ 20 million .
Time Warner is based in Cingular.