March 26, 1999 |
In a reversal of strategy that signals continuing management turmoil, Seagram Chief Executive Edgar Bronfman Jr. is searching for a high-level executive to oversee the entertainment assets bought by his family's liquor conglomerate four years ago. Sources close to Seagram say Leo Hindery Jr., who is credited with saving Tele-Communications Inc.
March 10, 1999 |
AT&T Corp. completed its $55-billion acquisition of cable TV giant Tele-Communications Inc., a deal that creates a one-stop shop for phone service, Internet access and cable television. The long-distance giant also plans to provide local phone service over TCI's cable wires. AT&T plans to pilot telephone service over cable in 10 U.S. cities by year-end.
March 5, 1999 |
AT&T Corp., the nation's largest phone company, won approval Thursday from the California Public Utilities Commission for its acquisition of cable television operator Tele-Communications Inc., in what may be the last government approval before completion of the purchase. The nation's largest phone company plans to use TCI's cable lines for phone service in addition to high-speed Internet access and cable TV.
February 18, 1999 |
AT&T Corp. and Tele-Communications Inc. cleared the last major hurdles Wednesday in their proposed $48-billion merger when the deal won approval from the Federal Communications Commission and shareholders of both companies. The deal would in effect create one-stop shopping for phone service, Internet access and cable television. AT&T's planned purchase of TCI, the No. 2 cable television company, is expected to close shortly.
February 5, 1999 |
AT&T Corp., the nation's largest long-distance phone company, won't be forced to let rivals have unfettered access to its high-speed cable-TV networks in order to win approval of its $61-billion purchase of No. 2 cable operator Tele-Communications Inc., the Federal Communications Commission said. Some competitors, such as America Online Inc.
January 28, 1999 |
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.