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ADELPHIA COMMUNICATIONS CORPORATION EXPECTS TO REGISTER COMMON STOCK OFFERING WITH THE SEC

 COUDERSPORT, Pa., March 3 /PRNewswire/ -- Adelphia Communications Corporation (NASDAQ-NMS: ADLAC) today announced that during March 1993 it expects to file with the Securities and Exchange Commission (SEC) a registration statement for a proposed public offering of shares of its Class A Common Stock.
 Adelphia currently expects that the registration statement would cover approximately 8.5 million shares of Class A Common Stock, based on a current price of approximately $18 per share. With respect to such offering, Adelphia expects to enter into an agreement with members of the family of John J. Rigas, its president and chief executive officer, whereby the family, at the time of effectiveness of the offering, would agree to purchase a portion of the shares to be registered.
 Adelphia expects that it will use the net proceeds of the stock offering to redeem its 13 percent Senior Subordinated Notes Due 1996 and for other general corporate purposes.
 The stock offering will be made only by means of a prospectus that will be contained in the registration statement. The Class A Common Stock may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the common stock in any state in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state.
 The Class A Common Stock of Adelphia is traded under the symbol "ADLAC" on the NASDAQ National Market System.
 /delval/
 -0- 3/3/93
 /CONTACT: Timothy J. Rigas, senior vice president of Adelphia Communications, 814-274-9830/
 (ADLA)


CO: Adelphia Communications Corporation ST: Pennsylvania IN: SU: OFR

CC-MK -- PG012 -- 2541 03/03/93 14:45 EST
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Publication:PR Newswire
Date:Mar 3, 1993
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