Adelphia Loss for Year Widens to $1.9 Billion
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From Bloomberg News
Adelphia Communications Corp. said its loss widened to $1.9 billion last year, more than double its $832-million loss in 2003.
Adelphia, which filed for Chapter 11 bankruptcy protection in June 2002, said in a filing with the Securities and Exchange Commission that its 2004 loss equaled $7.56 a share. Total revenue in 2004 rose 16% to $4.14 billion, while the operating loss widened to $165 million from $148.5 million, the Greenwood Village, Colo.-based firm said.