SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K/A
Amendment No. 1
Current Report
Pursuant to Section 13 or 15 (d) of
The Securities Exchange Act of 1934
Date of Report (date of earliest event reported) November 2,
1994
ADELPHIA COMMUNICATIONS CORPORATION
(Exact name of registrant as specified in its charter)
Delaware 0-16014 23-2417713
(State or other (Commission (IRS Employer
jurisdiction of File Number) Identification No.)
5 West Third Street - P.O. Box 472, Coudersport, PA 16915
(Address of principal executive offices) (ZIP Code)
Registrant's telephone number, including area code (814) 274-9830
Item 5. Other Events.
On November 2, 1994, Adelphia Communications Corporation (the
"Company") announced that it has signed definitive agreements for the
purchase of several cable systems. The Company issued a press release,
dated November 2, 1994, a copy of which is attached hereto as Exhibit 99.01
and is incorporated by reference herein.
Item 7. Financial Statements and Exhibits.
(c) The following exhibit is filed as part of this report on Form 8-K,
Exhibit 99.01 Press Release by Adelphia Communications
Corporation dated November 2, 1994.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of
1934, the registrant has duly caused this report to be signed on its behalf
by the undersigned thereunto duly authorized.
Date: November 9, 1994 ADELPHIA COMMUNICATIONS CORPORATION
(Registrant)
/s/ Timothy J. Rigas
Timothy J. Rigas
Senior Vice President
Exhibit Index
Exhibit No. Description
Exhibit 99.01 Press Release by Adelphia Communications Corporation
dated November 2, 1994.
Exhibit 99.1
ADELPHIA SIGNS PURCHASE AGREEMENTS
COUDERSPORT, Pa., Nov. 2 /PRNewswire/ -- Adelphia
Communications Corporation (Nasdaq-NMS: ADLAC) ("Adelphia")
announced the signing of definitive agreements for the purchase
of all of the cable systems of WB Cable Associates, Ltd. ("WB
Cable"), Clear Channels Cable TV Co. ("Clear Channels") and
the Benjamin Terry family (the "Terry Family"), which together
serve a total of 69,200 subscribers for an aggregate purchase
price of $106.3 million in cash and $16 million of Adelphia
Class A Common Stock.
WB Cable Currently provides cable service from one headend
and security monitoring services from one location in West
Boca, Florida. Adelphia currently owns or manages systems
serving approximately 300,000 cable subscribers in southeast
Florida. The Terry Family cable system are located in and
around Henderson, North Carolina and the Clear Channels cable
systems are located in and around Kittanning, Pennsylvania. At
the closing of the acquisitions, Adelphia expects pro forma
operating cash flow from the systems to be approximately $15
million.
At June 30, 1994, Adelphia owned or managed systems
serving approximately 1,370,000 cable subscribers in 12 states.
-0-
/CONTACT: Timothy J. Rigas, Senior Vice President of
Adelphia,
814-274-9830/
(ADLAC)
