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ADELPHIA ANNOUNCES REDEMPTION DATE FOR ITS 16-1/2 PERCENT SENIOR DISCOUNT NOTES DUE 1999

 ADELPHIA ANNOUNCES REDEMPTION DATE
 FOR ITS 16-1/2 PERCENT SENIOR DISCOUNT NOTES DUE 1999
 COUDERSPORT, Pa., May 28 /PRNewswire/ -- John J. Rigas, president and chief executive officer of Adelphia Communications Corporation ("Adelphia"), (NASDAQ: ADLAC) announced today that Adelphia has set July 1, 1992, as the redemption date for the full redemption of $250,000,000 aggregate outstanding principal amount of Adelphia's 16-1/2 percent senior discount notes due 1999.
 The senior discount notes will be redeemed at 104 percent of par, plus accrued interest to the redemption date, for a total redemption price of $1,088.58333 per $1,000 of senior discount notes. Funding for the redemption will be provided by a portion of the proceeds from the company's recently completed public offerings of 12-1/2 percent senior notes due 2002 and Class A common stock. Paying agent for the redemption is United States Trust Company of New York, trustee under the senior discount notes indenture. Notices of the full redemption are being sent on May 27, 1992, to registered holders of the senior discount notes.
 Adelphia owns or manages cable television systems in 11 states serving approximately 1,180,000 basic subscribers.
 /delval/
 -0- 5/28/92
 /CONTACT: Timothy J. Rigas, senior vice president of Adelphia, 814-274-9830/
 (ADLAC) CO: Adelphia Communications Corporation ST: Pennsylvania IN: TLS ENT SU:


DM-KK -- PG004 -- 4709 05/28/92 11:47 EDT
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Publication:PR Newswire
Date:May 28, 1992
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