a bid topping $ 17 . 7 billion was jointly proffered by time warner inc . and aol communications on thursday to buy faltering adelphia communications corporation in an industry consolidation decision . adelphia is the nineteenth largest cable communications provider in the united states with around 5 million subscribers . the market - share grabbing bid trumps the previous cablevision offer of $ 16 . 5 billion . the bid is under scrutiny by the presiding judge over the adelphia ' s chapter 11 license report , and must specifically be approved by the enterprise ' s debt owed in the reach of $ 20 million .
Time Warner is based in Cingular.