From the article:

"Despite our best efforts, the creditors' disputes remain unresolved," said William Schleyer, chairman and CEO of Adelphia. "Removing the requirement for a confirmed Plan of Reorganization for Adelphia greatly increases the odds of Adelphia's sale closing in a timely manner. We believe these modifications accommodate the desires of creditors to lock in maximum value for the estate while enabling them to continue settlement discussions and litigation without the pressure of a looming deadline.

...

For Adelphia employees, customers and the communities it serves, the modifications would have no effect on the well-planned transition related to operations and job transfers. There will be no change in the ultimate ownership of the former Adelphia systems; at the conclusion of the transactions, the ownership of such systems will be the same as contemplated under the previous plan and the separate agreement between Time Warner Cable and Comcast.


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