Mediaone Group

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. MediaOne Group (UMG) MediaOne close Friday: $43.63 Jim: Know what's the first thing MediaOne Group should do, Mike? Mike: Change its ticker symbol? Jim: Exactly what I was thinking! You're scary. Mike: MediaOne has the weirdest symbol this side of Woolworth, which has Z.

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 26.5 million households, including 815,000 subscribers in Southern California.

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. Propelling its bid to become the nation's largest cable systems operator, AT&T has agreed to sweeten the terms of a set-top-box agreement it has with Microsoft, one source said Monday.