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BUSINESS BRIEFS.(TO THE POINT)

Investor's Business Daily

| April 01, 2002 | COPYRIGHT 2002 Investor's Business Daily, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

MEDIA

Adelphia falls again on debt woes

The cable TV firm said it may be liable for $500 mil in bank loans to its Adelphia Business telecom unit, which filed for bankruptcy on Wednesday. That sent Adelphia Communications down 1.80, or 11%, to 14.90. On Wednesday, Adelphia lost 18% after revealing it had kept $2.3 bil in debt off its books.

News Corp. to write down $2 bil

Rupert Murdoch's media giant will take the write-down in its Q3 due to its 42.6% stake in tech licensing firm Gemstar-TV Guide. Gemstar recently said it'd write down $5 bil to reflect new accounting rules on valuing acquisitions.

British cable company delisted

The NYSE delisted debt-laden NTL Inc., as expected, due to its low share price. NTL was to face interest payments of $95 mil over the weekend, analysts said. NTL is expected to make those payments, but S&P cut its long-term ratings.

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