Adelphia

By frantao94

  • Created a local cable franchise

    Pays $300 for a local cable franchise in Coudersport, PA

  • Incorporated as Adelphia, Inc.

    The company incorporates as Adelphia, from the Greek for “brother.”

  • IPO

    Adelphia goes public.

  • Bought Buffalo Sabres

    John Rigas pays $22 million for Buffalo Sabres

  • Acquires Century Communication

    Adelphia acquires Century Communications, FrontierVision Partners, and Harron Communications to become the No. 6 cable operator.

  • Family members arrested

    John, Michael, and Timothy Rigas are arrested on charges of fraud

  • 10-K footnote disclosure

    Adelphia discloses it provided collateral for $2.3 billion in loans to the Rigases.

  • Stock plummets

    Stock plummets amid reports of financial scandal, Rigas family is forced out of the company.

  • Files bankruptcy

    Adelphia filed for bankruptcy-court protection.

  • Key executives indicted

    The Rigases, Brown, and Mulcahey are indicted on 23 federal counts of fraud and conspiracy.