November 18, 1996 |
Bob Magness, who ran a tiny cable television company out of his kitchen before building Tele-Communications Inc. into the nation's largest cable provider, has died of cancer. He was 72. Magness, a billionaire listed by Forbes Magazine as Colorado's second-richest businessman, died at a Charlottesville, Va., hospital Friday. He had been undergoing chemotherapy treatment for lymphoma.
October 25, 1996 |
Nervous investors for weeks have been bailing out of the stock and bonds of Tele-Communications Inc., and on Thursday they drove its share price to a low not seen since the government capped cable rates in 1992 and constricted the industry's growth. And some traders say the situation could get worse, meaning that TCI will have to spend more money on future borrowing, drawing cash away from new businesses that are considered a key to fending off competitors.
August 28, 1996 |
TV Guide Onscreen May Be Canceled: News Corp. and Tele-Communications Inc. are close to dissolving a 4-year-old cable TV channel guide called TV Guide Onscreen, a News Corp. executive said. TV Guide Onscreen may be the second channel-guide venture to be dissolved. The two companies said they canceled plans to form a $350-million interactive cable guide that was announced in June. News Corp., the parent of TV Guide magazine, may be cutting its ties to the nation's No.
June 18, 1996 |
In what is shaping up as Latin America's biggest media competition ever, two groups of entertainment heavyweights--including Rupert Murdoch, Hughes Electronics Corp. and the continent's top TV moguls--are about to do battle. The prize: a direct-to-home satellite TV business that will beam scores of channels into homes from Tijuana to Tierra del Fuego. We're talking Big Money. (The main competitors are sinking in about $500 million each.
May 30, 1996 |
The negotiations between Fox Inc. and Tele-Communications Inc. over Fox's planned cable-news network illuminates the complex entanglements and veiled agendas at work in the increasingly concentrated media business. It also brings together two of the most powerful media moguls, Rupert Murdoch and John Malone, who operate like lone wolves but exert tremendous power through their huge corporate interests.