Intermedia Partners

In a deal that would create the nation's largest minority-owned cable TV system, Viacom Inc. has agreed to sell its cable franchises to a San Francisco-based partnership, sources close to the deal said Tuesday.

A group led by InterMedia Partners has purchased the assets of Vibe, the popular hip-hop and urban culture magazine that shut down in June amid a sharp decline in advertising revenue. Terms of the deal were not disclosed. InterMedia, a private equity fund focused on the media industry, said it has partnered with Uptown Media Group, an InterMedia portfolio company that publishes Uptown Magazine, and Blackrock Digital, an interactive media sales and marketing firm, to buy the assets of Vibe and Vibe.

Leo J. Hindery Jr., general partner and chief executive of InterMedia Partners, was named president of Tele-Communications Inc., the nation's largest cable TV operator. John Malone, chairman, CEO and current president of TCI, said the chief executive of each TCI business unit would report to Hindery. Malone had been expected to bring in a respected cable executive in an effort to restore the profitability of the Englewood, Colo.-based company.

Intermedia and Spyglass Entertainment Group on Sunday announced plans to merge, in a deal that would create one of the world's largest independent film companies with more than $600 million in annual revenue. The deal, expected to be completed by the end of February, is the latest in a flurry of consolidations among mid-size film companies seeking sufficient scale to ride through the peaks and valleys of big-budget film production. The companies declined to disclose financial details.

A group led by InterMedia Partners has purchased the assets of Vibe, the popular hip-hop and urban culture magazine that shut down in June amid a sharp decline in advertising revenue. Terms of the deal were not disclosed. InterMedia, a private equity fund focused on the media industry, said it has partnered with Uptown Media Group, an InterMedia portfolio company that publishes Uptown Magazine, and Blackrock Digital, an interactive media sales and marketing firm, to buy the assets of Vibe and Vibe.

Charter Communications Corp., a cable-TV operator owned by billionaire Paul Allen, and Tele-Communications Inc. will acquire cable systems from InterMedia Partners in a transaction valued at $2.4 billion, the companies said. Charter will gain 400,000 of InterMedia's 1.2 million subscribers and give TCI, the No. 2 cable-TV operator and co-owner of InterMedia, cable systems in Montana and Indiana with 140,000 customers. TCI will also receive 300,000 subscribers in Nashville from InterMedia.

Intermedia and Spyglass Entertainment Group on Sunday announced plans to merge, in a deal that would create one of the world's largest independent film companies with more than $600 million in annual revenue. The deal, expected to be completed by the end of February, is the latest in a flurry of consolidations among mid-size film companies seeking sufficient scale to ride through the peaks and valleys of big-budget film production. The companies declined to disclose financial details.

In his discussion of U.S. universities, Pfaff has made the error of confusing the movement for a more universalist foundation for a canon of knowledge with his unease at the relativist approach of "postmodern" literary theory. While the two may be related, they are not the same. My particular concern is with his assumption that Western civilization is somehow morally superior to other cultures.

Guy East and Nigel Sinclair enjoy a reputation as two of the smartest players in the international film business. Whether that and their conviction that worldwide audiences want to see quality movies will combine to make a strong film company is being tested in their 2-year-old venture, Intermedia. Their ambitions are considerable.

In the 16 years since his release from prison, disgraced junk-bond king Michael Milken has beaten prostate cancer, raised hundreds of millions of dollars for medical research and reshaped an image tarnished by a 1990 conviction for securities fraud. One thing he's been unable to do is win a presidential pardon, despite the support of some of the country's most influential people. Before he left office Jan.

Charter Communications Corp., a cable-TV operator owned by billionaire Paul Allen, and Tele-Communications Inc. will acquire cable systems from InterMedia Partners in a transaction valued at $2.4 billion, the companies said. Charter will gain 400,000 of InterMedia's 1.2 million subscribers and give TCI, the No. 2 cable-TV operator and co-owner of InterMedia, cable systems in Montana and Indiana with 140,000 customers. TCI will also receive 300,000 subscribers in Nashville from InterMedia.

Guy East and Nigel Sinclair enjoy a reputation as two of the smartest players in the international film business. Whether that and their conviction that worldwide audiences want to see quality movies will combine to make a strong film company is being tested in their 2-year-old venture, Intermedia. Their ambitions are considerable.

Leo J. Hindery Jr., general partner and chief executive of InterMedia Partners, was named president of Tele-Communications Inc., the nation's largest cable TV operator. John Malone, chairman, CEO and current president of TCI, said the chief executive of each TCI business unit would report to Hindery. Malone had been expected to bring in a respected cable executive in an effort to restore the profitability of the Englewood, Colo.-based company.

In a deal that would create the nation's largest minority-owned cable TV system, Viacom Inc. has agreed to sell its cable franchises to a San Francisco-based partnership, sources close to the deal said Tuesday.

In his discussion of U.S. universities, Pfaff has made the error of confusing the movement for a more universalist foundation for a canon of knowledge with his unease at the relativist approach of "postmodern" literary theory. While the two may be related, they are not the same. My particular concern is with his assumption that Western civilization is somehow morally superior to other cultures.

Viacom to Sell Cable TV Systems: The company said it will sell its cable television systems, serving 1.1 million customers, to a partnership in which cable giant Tele-Communications Inc. has a stake, for $2.3 billion. The negotiations have been previously reported. NRCS Pacific LP is to buy Viacom's cable systems in the Seattle-Tacoma area; Northern California; Salem, Ore., and Dayton, Ohio. RCS Nashville LP is to buy Viacom's system in Nashville, Tenn.