AT&T on Thursday proposed the biggest merger in cable television history, bidding $58 billion in cash and stock for MediaOne Group in a move that throws a wrench into MediaOne's existing agreement to be taken over by Comcast Corp. The deal would make the nation's largest phone company also its largest cable system operator, a coast-to-coast behemoth with access to 26.
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California | Local | Patrick Mcgreevy | November 14, 2000
MediaOne, which for years provided cable television service in the east San Fernando Valley and South-Central Los Angeles, has agreed to pay $3,250 in fines to the city Ethics Commission for excessive contributions to City Council members, and for late disclosure of lobbyist activity.
Stock Exchange gives readers a chance to listen in as staff writers James Peltz and Michael Hiltzik discuss the merits of individual stocks and other investments.
AT&T Corp. will compensate Comcast Corp. and Microsoft Corp. if they bow out of a bidding war against the phone giant for MediaOne Group, according to sources close to the deal.
California | Local | Patrick Mcgreevy | November 14, 2000
MediaOne, which for years provided cable television service in the east San Fernando Valley and South-Central Los Angeles, has agreed to pay $3,250 in fines to the city Ethics Commission for excessive contributions to City Council members, and for late disclosure of lobbyist activity. According to a decision signed by company representatives, MediaOne exceeded the $1,500 aggregate limit on campaign contributions for the June 1999 election when it made $2,750 in contributions, including $500 to Councilman Alex Padilla, $500 to Nate Holden and $750 to Nick Pacheco.
AT&T Corp. will compensate Comcast Corp. and Microsoft Corp. if they bow out of a bidding war against the phone giant for MediaOne Group, according to sources close to the deal.
AT&T on Thursday proposed the biggest merger in cable television history, bidding $58 billion in cash and stock for MediaOne Group in a move that throws a wrench into MediaOne's existing agreement to be taken over by Comcast Corp.
Stock Exchange gives readers a chance to listen in as staff writers James Peltz and Michael Hiltzik discuss the merits of individual stocks and other investments.