February 7, 2000 |
Global Crossing Ltd., which has executive offices in Beverly Hills, is filling up fast with AT&T Corp. defectors. The most recent arrivals were hired last week by Global Crossing's Sunnyvale-based GlobalCenter Inc. subsidiary, which is run by former AT&T executive Leo J. Hindery Jr. Hindery, who joined Global Crossing in December after a turbulent stint as chief executive of AT&T's Broadband & Internet Services unit, recently hired six executives at GlobalCenter--five from AT&T.
January 5, 1999 |
In a move that could reduce shareholder opposition to its upcoming cable acquisition, AT&T Corp. has dropped a plan to combine its residential long-distance and new cable businesses into a tracking stock that would trade separately from the parent company, according to analysts. The move comes as AT&T seeks shareholder approval of its $48-billion purchase of Tele-Communications Inc., the cable-TV giant.
April 24, 1998 |
The two largest U.S. cable TV companies, Tele-Communications Inc. and Time Warner Inc., reassured Congress that they'll offer the same quality digital pictures that many broadcast TV stations will begin airing later this year. "We want to make sure that we're passing through the same quality" picture that the broadcasters are initially airing, Joseph Collins, chief executive of Time Warner cable, told the House telecommunications subcommittee.
March 24, 2002 |
There are 25 televisions at Rockwell's American Restaurant, every one of them devoted to sports, but Derek Jeter's first home run of the spring was nowhere to be seen. Like 3 million other households and businesses in the New York metropolitan area, Rockwell's is a Cablevision customer. And Cablevision, so far, is refusing to carry YES, the Yankees' new cable network, and the 130 games it will show this season.
CALIFORNIA | LOCAL
October 2, 1986
Chronicle Publishing of San Francisco said Wednesday it has agreed to buy Storer Communications' cable television operations in Agoura and Ventura County. Chronicle, the parent of the San Francisco Chronicle newspaper, said it will purchase Miami-based Storer's cable operations in Agoura, Camarillo, Fillmore, Moorpark, Ojai, Santa Paula, Thousand Oaks and Westlake Village, affecting 56,000 subscribers.
February 8, 2012 |
The bidding on the Dodgers has moved into the second round, with 11 parties cleared to advance in the process. With various bid groups discussing mergers and/or trying to acquire additional financing, and with the investment bank handling the sale receptive to substantial offers even at this late date, the list below is subject to change. The lineup of Dodgers bidders, as of Wednesday: Magic Johnson/Stan Kasten: Could soon be joined by richest man in L.A., Dr. Patrick Soon-Shiong.
January 23, 2012 |
The Dodgers received "more than 10" opening bids for the team by Monday's deadline, according to a person familiar with the sale but not authorized to discuss it. As the bankers handling the sale evaluate the bids, prospective buyers can evaluate whether to join forces. In addition, because the bankers can waive the deadline at their discretion, new bidders could emerge. St. Louis Rams owner Stan Kroenke has explored whether to bid for the Dodgers, two people familiar with the sale process said Monday.
June 10, 1997 |
Cablevision Systems Corp. is increasing its presence in the New York area with the purchase of 10 cable systems from Tele-Communications Inc. The systems serve 820,000 customers in the nation's biggest media market. TCI, the country's largest cable operator, will be paid in Cablevision stock, giving it a 33% stake in the company. The deal will expand Cablevision's reach in the New York metropolitan region to more than 2.5 million subscribers from 1.7 million.
July 14, 1998 |
Tele-Communications Inc. Chairman John Malone conceded that the sharp drop in AT&T Corp.'s stock price could kill the telephone company's $44-billion acquisition of his cable television company. A published report Monday quoted Malone as saying he was worried that AT&T shareholders might reject the takeover because of the deal's complexity and a dilution in the value of their holdings. "It scares me to death to see their stock going down," Malone told Broadcasting & Cable, a trade publication.
July 8, 1998 |
AT&T Corp. Chairman C. Michael Armstrong on Tuesday said he will not renegotiate his proposed $44-billion purchase of cable giant Tele-Communications Inc., despite a big decline in AT&T's stock price and misgivings within TCI. Since AT&T agreed on June 24 to buy TCI, the long-distance giant's stock price has fallen 14% as Wall Street has turned thumbs down on the deal, originally valued at $48 billion.