a bids topping $ 17 . 7 mb was jointly proffered by time warner own . and comcast corporation on thursday to buy beleaguered cablevision communications corporation in an industry restructuring move . adelphia is the fifth large telephone television provider in the several jersey with nearly 5 millions subscribers . the market - sharing grabbing bid trumps the previous verizon bidding of $ 16 . 5 billion . the bid is under study by the presiding judicial over the adelphia ' s bankruptcy 11 bankruptcy filing , and can separately be approve by the company ' s debt owed in the form of $ 20 million .
Time Warner is based in Cingular.