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BUSINESS
January 15, 1998 | From Associated Press
Tele-Communications Inc.'s John Malone said he would give most of his $1.5-billion fortune to an educational charity rather than to his children. "What are you going to do with it?" Malone said in Tuesday's edition of the Rocky Mountain News. "How many cars . . . and vacation homes can you own?" Malone said he has earmarked most of his fortune for the Malone Family Foundation, a private nonprofit organization to benefit education.
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NEWS
January 11, 1998 | SALLIE HOFMEISTER and LESLIE HELM, TIMES STAFF WRITERS
In a major victory for Microsoft Chairman Bill Gates' quest to shape the future of television, the nation's largest cable TV operator said Saturday that it would use software from the computing giant as the foundation for new set-top boxes that promise to revolutionize the way consumers use their TVs. After marathon negotiations that ended early Saturday, Tele-Communications Inc. agreed to license Microsoft Corp.'s Windows CE operating system for at least 5 million of the advanced digital boxes.
BUSINESS
January 10, 1998 | GREG MILLER and SALLIE HOFMEISTER, TIMES STAFF WRITERS
Sun Microsystems Inc. outflanked archrival Microsoft Corp. on Friday, as Sun announced that its Java software will be installed on millions of set-top boxes purchased by Tele-Communications Inc., the nation's largest cable television company. The deal gives Sun a lucrative portal into the nation's living rooms, as its software will now be a key to delivering a new breed of interactive services via television, including e-mail, personalized news, online banking and home shopping.
NEWS
December 10, 1997 | SALLIE HOFMEISTER, TIMES STAFF WRITER
In a milestone in the consolidation of the fractured Los Angeles cable television market, Tele-Communications Inc. and Century Communications will announce a partnership today that will create the largest provider of cable services in the region. The deal will be announced at the Western Cable show in Anaheim, where more than 25,000 executives from across the country are gathered this week.
BUSINESS
November 15, 1997 | Times Wire Services
Tele-Communications Inc. said its third-quarter loss narrowed amid a wave of cost reductions and a renewed focus on its U.S. cable business. The improved performance comes as Englewood, Colo.-based TCI pushes its expansion into delivering other services besides television. The world's largest operator of cable-television systems had a loss of $22 million, or 33 cents a share, narrower than the loss of $138 million, or 25 cents, a year ago.
NEWS
October 15, 1997 | SALLIE HOFMEISTER, TIMES STAFF WRITER
Software billionaire Bill Gates and cable mogul John C. Malone are negotiating a wide-ranging deal that would bring about the broadest convergence yet of Silicon Valley and the television industry, potentially enabling consumers to surf the Internet and check their e-mail on a television set equipped with 200 or more digital cable channels. Under the deal, Gates' Microsoft Corp. would provide Malone's Tele-Communications Inc.
BUSINESS
September 4, 1997 | From Reuters
Tele-Communications Inc. and Time Warner Inc. agreed to swap and combine cable systems, involving about 2 million customers, the biggest step yet by the nation's largest cable companies to reduce their debt and boost profits. The series of transactions, which include three joint ventures, would allow Tele-Communications to shift about $3.35 billion of its consolidated debt from its books, and Time Warner would cut its debt by $650 million.
BUSINESS
August 14, 1997 | Times Wire Services
Seagram Co.'s fiscal fourth-quarter profit, before gains, more than doubled, led by strong performances by its entertainment, juice and spirits businesses. The Montreal-based beverage and entertainment company said profit from operations before a gain rose to $48 million, or 13 cents a share, from profit before a gain of $22 million, or 5 cents, in the year-earlier period. The per-share results matched estimates. . . . Tele-Communications Inc.
BUSINESS
August 5, 1997 | From Bloomberg News
Tele-Communications Inc. Chairman John Malone borrowed money from NationsBank of Texas to buy 7.28 million shares of TCI from Knight-Ridder Inc. In a Securities and Exchange Commission filing, Malone said he bought the shares from Knight-Ridder for $110.07 million, or $15.11 a share. To acquire the funds needed for the purchase, he pledged as collateral 11.5 million TCI Class B common shares and 3.08 million Class B shares of Liberty Media Group, the cable company's programming unit.
BUSINESS
July 8, 1997 | Bloomberg News
Tele-Communications International Inc. said that it named David Evans president and chief operating officer, effective Sept. 1. The company also said Evans will assume the role of chief executive in 1998. That position is held by Fred Vierra, who will remain the company's vice chairman for an indefinite period. Evans comes to Tele-Communications from Rupert Murdoch's News Corp., where he had been executive vice president since July 1996.
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