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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
Current Report
Pursuant to Section 13 or 15(d) of
The Securities Exchange Act of 1934
Date of Report (date of earliest event reported) September 30, 1999
ADELPHIA COMMUNICATIONS CORPORATION
(Exact name of registrant as specified in its charter)
Delaware 0-16014 23-2417713
(State or other (Commission File Number) (IRS Employer
jurisdiction of Identification No.)
incorporation)
One North Main Street - Coudersport, PA 16915-1141
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (814) 274-9830
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Item 5. Other Events.
Adelphia Communications Corporation announced in a corrective press release
dated October 1, 1999 that it was retracting a press release which was issued
erroneously the evening of September 30, 1999 at approximately 9:10 P.M. Eastern
Time. The incorrect press release was entitled "Adelphia Has 'Arrived' as
National Telecommunications Provider." The incorrect press release prematurely
reported the closing of its pending acquisitions of Century Communications
Corp., FrontierVision Partners, L.P. and Harron Communications Corp. Although
these three acquisitions are expected to close early in the quarter ending
December 31, 1999, at present none of the three acquisitions has been closed.
The Company will release further information on the closing of these
acquisitions promptly when available.
Information regarding these three pending acquisitions has been the subject of
several other prior Adelphia press releases and filings by Adelphia with the
Securities and Exchange Commission.
The corrective press release of October 1, 1999 is filed under Item 7 of this
Form 8-K and is incorporated by reference herein.
Item 7. Financial Statements and Exhibits
Exhibit No. Description
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99.01 Corrective Press Release dated October 1, 1999 (Filed Herewith).
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: October 1, 1999 ADELPHIA COMMUNICATIONS
CORPORATION (Registrant)
By: /s/ Timothy J. Rigas
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Timothy J. Rigas
Executive Vice President, Treasurer
and Chief Financial Officer
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EXHIBIT INDEX
Exhibit No. Description
- ---------- -----------
99.01 Corrective Press Release dated October 1, 1999 (Filed Herewith).
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EXHIBIT 99.01
ADELPHIA RETRACTS ERRONEOUS PRESS RELEASE
REGARDING ACQUISITION CLOSINGS
Coudersport, PA, October 1, 1999 -- Adelphia Communications Corporation (NASDAQ-
NNM: ADLAC) announced that it was retracting a press release which was issued
erroneously the evening of September 30, 1999 at approximately 9:10 P.M. Eastern
Time. The incorrect press release was entitled "Adelphia Has 'Arrived' as
National Telecommunications Provider." The incorrect press release prematurely
reported the closing of its pending acquisitions of Century Communications
Corp., FrontierVision Partners, L.P. and Harron Communications Corp. Although
these three acquisitions are expected to close early in the quarter ending
December 31, 1999, at present none of the three acquisitions has been closed.
The Company will release further information on the closing of these
acquisitions promptly when available.
Information regarding these three pending acquisitions has been the subject of
several other prior Adelphia press releases and filings by Adelphia with the
Securities and Exchange Commission. The Company apologizes for any confusion
caused by today's erroneous release.
Contact: Timothy J. Rigas, Executive Vice President and Chief Financial Officer
of Adelphia, (814) 274-9830.
