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MEDIA
Adelphia falls more amid concern
The No. 6 U.S. cable firm will delay its annual report until it completes an accounting review of $2.3 bil in off-balance-sheet debt. It slid 1.79, or 12%, to 13.12 as investors wanted answers right away. Adelphia has plunged 36% in three days amid questions about whether it has the assets to back up borrowings.
NTL may have to hand over stake
Bondholders of the U.K.'s biggest cable TV operator forced the firm to withhold a key interest payment, opening the way for NTL to hand over a strategic stake to one of its main rivals, partly owned by U.S.-based Liberty Media. Crippled by $17 bil in debt, NTL won't make payments that were due Monday.
MEDICAL
Bausch & Lomb backs '02 profit