Company to Examine Possible Sale as an Alternative to Company's
                            Plan of Reorganization

    NEW YORK, April 22 /PRNewswire-FirstCall/ -- Adelphia Communications
Corporation (OTC: ADELQ), the fifth largest cable TV company in the U.S., will
explore a possible sale of the company as part of a plan of reorganization.
    The company intends to determine whether a sale process will deliver
greater value to the company's constituencies than the value proposed by the
company's original proposed plan of reorganization filed February 25, 2004,
which currently contemplates Adelphia's emergence from Chapter 11 as an
independent entity. As the company pursues this process, management will work
with the constituents to establish a fair and open sales process to give
effect to the legitimate concerns of all parties.
    The decision to explore the possible sale of the company as one option in
the Chapter 11 process was made yesterday by Adelphia's Board of Directors.
Adelphia's management team will vigorously support the sales process and work
closely with the Board to fulfill their joint fiduciary responsibilities to
maximize value for the various bankruptcy constituents.
    "We were pursuing a plan of reorganization that called for an independent
Adelphia because we believed it was in the best interests of our bankruptcy
constituents," said Bill Schleyer, chairman and CEO of Adelphia.
"Increasingly, in our continuing dialogue with constituents after filing the
plan, it became clear that a broad range of constituents preferred to allow
the market to determine the appropriate value for Adelphia. We have from the
start worked in the best interests of the bankruptcy constituents and we will
continue to do so."
    Since Adelphia filed its original proposed Plan of Reorganization on
February 25, its management continued discussions and met regularly with the
bankruptcy constituents in an effort to achieve a consensus for the original
plan. Over the last week, the sentiment in favor of market testing the
company's value crystallized to the point where it became appropriate to
explore a possible sale of the company.
    "While we will explore the possible sale with full vigor, we also intend
to continue to pursue a plan for an independent company upon emergence. We
will compare the value created in both approaches and do what is in the best
interests of our constituents," added Schleyer.
    Adelphia will continue to pursue approval of an $8.8 billion exit
financing package, which supports the proposed plan for emergence as an
independent company.
    Adelphia's Board and management had determined that a variety of factors,
including the absence of audited financial statements, the unresolved
Securities and Exchange Commission action against the company and the
undetermined status of the Rigas family cable properties managed by Adelphia
created a sub-optimal environment for exploring the sale of Adelphia. The
broad-based insistence, however, by the key bankruptcy constituents on
exploring a possible sale of the company has caused Adelphia's Board of
Directors and management to now pursue a two-track process to find the optimal
return for the bankruptcy constituents.

    About Adelphia
    Adelphia Communications Corporation is the fifth-largest cable television
company in the country. It serves customers in 30 states and Puerto Rico, and
offers analog and digital video services, high-speed Internet access and other
advanced services over Adelphia's broadband networks.

    Cautionary Statement Regarding Forward-Looking Information
    This document includes forward-looking statements within the meaning of
Section 27A of the Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended. All statements regarding Adelphia
Communications Corporation's and its subsidiaries' and affiliates'
(collectively, the "Company") expected future financial position, results of
operations, cash flows, restructuring and financing plans, expected emergence
from bankruptcy, business strategy, budgets, projected costs, capital
expenditures, network upgrades, products and services, competitive positions,
growth opportunities, plans and objectives of management for future
operations, as well as statements that include words such as "anticipate,"
"if," "believe," "plan," "estimate," "expect," "intend," "may," "could,"
"should," "will," and other similar expressions are forward-looking
statements. Such forward-looking statements are inherently uncertain, and
readers must recognize that actual results may differ materially from the
Company's expectations. The Company does not undertake a duty to update such
forward-looking statements.  Factors that may cause actual results to differ
materially from  those in the forward-looking statements include the Company's
pending bankruptcy proceeding, results of litigation against the Company and
government investigations of the Company, the effects of government regulation
including the actions of local cable franchising authorities, the availability
of financing, actions of the Company's competitors, results and impacts of any
process to sell the Company or its assets, customer response to repackaged
services, pricing and availability of programming, equipment, supplies, and
other inputs, the Company's ability to upgrade its network, technological
developments, and changes in general economic conditions.  Many of these
factors are outside of the Company's control.

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