Adelphia Communications Corp. said on Friday it has completed the so-called True Up mechanism under its bankruptcy reorganization plan, in a move that will release some 23 million more shares of Time Warner Cable Inc. stock to the market.

These shares of Time Warner Cable stock were held in reserve since the reorganization in February. The shares of Class A common stock were valued at about $37.80 for purposes of the plan.

Media conglomerate Time Warner Inc. spun off 16 percent of it cable division this year.