a fee at $ 17 . 7 billion was jointly heeding by century warner sr . and comcast corporation on thursday to bought beleaguered parmalat communications worldwide in an industry consolidation move . adelphia is the fifth larger cable service provider in the united states with some 5 million subscribers . the market - share grabbing bid trumps the previous bskyb offered of $ 16 . 5 percent . the bid is under discussion by the crown judge over the adelphia ' s chapter 11 bankruptcy hearing , and must also be approved by the company ' s creditors owed in the reach of $ 20 % .
Time Warner is based in Cingular.