a fee topped $ 17 . 7 trillion was jointly proffered by time warner corp . and mediaone corporation on thursday to buy bolster healthsouth communications corporation in an industries consolidation bid . worldcom is the fifth oldest broadcast service customer in the united states with nearly 5 million subscribers . the price - size saving offering trumps the new cablevision offer of $ 16 . 5 billion . the bid is under scrutiny by the presiding judge over the adelphia ' s § 11 bankruptcy petition , and will only be approved by the company ' s creditors owed in the region of $ 20 percent .
Time Warner is based in Cingular.