July 15, 1989 |
Billionaire Jack Kent Cooke on Friday agreed to sell his Woodland Hills-based cable television system with 675,000 subscribers to a consortium of six companies. A similar deal had fallen apart in March. Cooke, whose businesses include the Daily News in Woodland Hills and the Washington Redskins football team, did not reveal the sales price of Cooke CableVision and sister company 1st CableVision. But cable industry analyst Paul Kagan in Carmel said he had heard estimates of $1.