January 28, 1998 |
Several Tele-Communications Inc. shareholders filed suit seeking to block the company from paying Chairman John Malone and heirs of founder Bob Magness $274 million to settle litigation over control of 76 million TCI shares. At least six shareholders have filed suits in Delaware Chancery Court seeking to stop payments of $150 million to Malone and $124 million to the Magness estate. The payments are part of a settlement of a Colorado suit over sales of the cable TV company's stock.
February 6, 1998 |
Kraft Foods and Grey Advertising unveiled a deal with cable TV operator Tele-Communications Inc. to develop ways to target ads to specific households. Using TCI's digital network, the alliance will create "sophisticated micro-marketing advertising vehicles that reach consumers with targeted messages on a household-by-household basis," the companies said. One of the first applications will be to tailor and deliver ads to urban and suburban markets within the same region, the companies said.
December 5, 1998 |
The European Commission said on Friday it had opened an in-depth probe into the proposed joint venture between AT&T Corp. and British Telecommunications. At the same time, it cleared a separate $48-billion merger between AT&T and U.S. cable giant Tele-Communications Inc., saying their union would have little impact on competition in Europe.
May 29, 1996 |
TCI in Talks to Carry News Corp. News Channel: The talks between Tele-Communications Inc. and the Rupert Murdoch-owned company could include TCI getting a 20% stake in the planned news channel. Sources said no decision on equity has been reached, but News Corp. hopes to get significant distribution of its 24-hour news channel on the nation's largest cable-system operator. Murdoch is offering cable-system operators $10 per subscriber to carry his Fox 24-hour news channel.