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) December 13, 2000
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.
In a press release dated December 18, 2000, titled "ADELPHIA COMMUNICATIONS
CORPORATION REVISES FINANCIAL RESULTS TO REFLECT GAIN ON APRIL 1998 CABLE
SYSTEMS SWAP - THE RESTATEMENT RESULTS IN NO CHANGE TO REVENUE, EBITDA, INTEREST
EXPENSE OR CAPITAL SPENDING", Adelphia Communications Corporation announced that
the Company was restating its financial statements for the nine months ended
December 31, 1998, the year ended December 31, 1999 and the nine months ended
September 30, 2000 to revise its accounting treatment for an April 1998 swap of
cable systems.
The Company will be filing amendments to its Annual Report on Form 10-K for the
year ended December 31, 1999 and its Quarterly Reports on Form 10-Q for the
quarters ended March 31, 2000, June 30, 2000 and September 30, 2000 to include
restated financial statements for the nine months ended December 31, 1998, the
fiscal year ended December 31, 1999, and the first three quarterly and year to
date periods in 2000, as applicable. A copy of the above mentioned press release
is incorporated by reference herein, and is attached to this Form 8-K and filed
herewith under Item 7 as Exhibit 99.01.
Adelphia also announced news regarding the Company and its subsidiary, Adelphia
Business Solutions, Inc., in press releases issued on December 13, 2000 and
December 14, 2000, copies of which are incorporated herein by reference and
attached to this Form 8-K as Exhibits 99.02 and 99.03.
Item 7. Financial Statements and Exhibits
Exhibit No. Description
99.01 Press Release dated December 18, 2000 (Filed Herewith).
99.02 Press Release dated December 13, 2000 (Filed Herewith).
99.03 Press Release dated December 14, 2000 (Filed Herewith).
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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: December 18, 2000 ADELPHIA COMMUNICATIONS CORPORATION
(Registrant)
By: /s/ Timothy J. Rigas
Timothy J. Rigas
Executive Vice President, Treasurer
and Chief Financial Officer
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EXHIBIT INDEX
Exhibit No. Description
99.01 Press Release dated December 18, 2000 (Filed Herewith).
99.02 Press Release dated December 13, 2000 (Filed Herewith).
99.03 Press Release dated December 14, 2000 (Filed Herewith).
