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ADELPHIA FILES REGISTRATION STATEMENT

 ADELPHIA FILES REGISTRATION STATEMENT
 COUDERSPORT, Pa., Sept. 29 /PRNewswire/ -- Adelphia Communications


Corporation ("Adelphia") (NASDAQ: ADLAC) announced today that it has filed a registration statement with the Securities and Exchange Commission for an offering of 2,500,000 shares of its Class A Common Stock.
 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 up to $10,000,000 of the Class A Common Stock in the offering. The Class A Common Stock is traded on NASDAQ under the symbol "ADLAC."
 Adelphia plans to use the net proceeds of the stock offering to reduce existing bank debt of a subsidiary of Adelphia.
 Donaldson, Lufkin & Jenrette Securities Corporation will act as lead underwriter for the offering, with Lehman Brothers and Salomon Brothers Inc serving as co-managing underwriters.
 Adelphia owns or manages cable television systems in 11 states serving approximately 1,200,000 basic subscribers as of July 31, 1992.
 -0- 9/29/92
 /CONTACT: Timothy J. Rigas, senior vice president of Adelphia, 814-274-9830/
 (ADLAC) CO: Adelphia Communications Corporation ST: Pennsylvania IN: TLS SU:


JT-CD -- PG009 -- 4518 09/29/92 16:15 EDT
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Copyright 1992 Gale, Cengage Learning. All rights reserved.

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Publication:PR Newswire
Date:Sep 29, 1992
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