from tvweek.com
By Jay Sherman
Adelphia Communications and ML Media Partners said Monday they have agreed to sell their cable system in San Juan, Puerto Rico, to a private-equity team that includes cable industry veteran Jeffrey Marcus.
The $520 million deal has the two private-equity firms -- MidOcean Partners and Crestview Partners, of which Mr. Marcus is managing director -- paying around $3,800 per subscriber. The deal is expected to close in the fourth quarter.
By Jay Sherman
Adelphia Communications and ML Media Partners said Monday they have agreed to sell their cable system in San Juan, Puerto Rico, to a private-equity team that includes cable industry veteran Jeffrey Marcus.
The $520 million deal has the two private-equity firms -- MidOcean Partners and Crestview Partners, of which Mr. Marcus is managing director -- paying around $3,800 per subscriber. The deal is expected to close in the fourth quarter.
