Sale Process Expected to Begin Shortly After Labor Day;
                       Objective - Complete By Year-End

    NEW YORK, Aug. 6 /PRNewswire-FirstCall/ -- Adelphia Communications
Corporation (OTC: ADELQ) today announced its preliminary timetable for its
sale process.  The company's financial advisors, UBS Investment Bank and Allen
& Company, will manage the sale process under the direction and control of the
company's Board of Directors.
    The financial advisors have been engaged in informal discussions with
potential bidders and the company expects to commence the process for the sale
of the company shortly after Labor Day with the objective of finalizing the
auction by year-end.
    UBS and Allen & Company will provide information memoranda to potential
bidders who execute a proper confidentiality agreement.  Adelphia will be
soliciting bids both for the entire company and for select clusters to be
announced at a future date.  It is currently anticipated that preliminary
indications of interest will be due in October.
    "In an effort to build the greatest possible value for the Adelphia
Chapter 11 bankruptcy estate, we announced on April 22nd that Adelphia would
consider a sale of the company," said Bill Schleyer, chairman and CEO of
Adelphia.  "Since then, we have been working diligently to assemble the
appropriate advisors, information and documents needed for a robust and fair
sales process to maximize the value of Adelphia to the company's
stakeholders."

    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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