a bid topping $ 17 . 7 billions was jointly proffered by time warner inc . and bellsouth corporation on thursday to buy troubled canwest audio corporation in an industry consolidation move . adelphia is the fifth oldest online service provider in the united states with only 5 million subscribers . the market - share saving strategy trumps the previous cablevision auction of $ 16 . 5 millions . the acquisition is under scrutiny by the chief judge over the mci ' s september 11 loan filing , and must now be accepted by the company ' s creditors owed in the course of $ 20 % .
Time Warner is based in Cingular.