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BUSINESS
January 30, 1998 | KAREN KAPLAN, TIMES STAFF WRITER
Six months after calling off another merger agreement, AirTouch Communications said Thursday it will acquire the U.S. wireless business of US West Media Group for $5.7 billion in stock and debt. The deal will boost AirTouch's customer base by more than 2.2 million to 6.2 million subscribers of its cellular and personal communication services, or PCS, second only to AT&T.
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BUSINESS
May 13, 1998 | JUBE SHIVER Jr., TIMES STAFF WRITER
Moving to stop the cable industry from extending its television dynasty skyward, the Justice Department on Tuesday sued to block the nation's five largest cable operators from buying a key TV satellite slot from Rupert Murdoch's News Corp. and MCI Communications Corp. The 35-page lawsuit, filed in U.S. District Court in Washington, seeks to quash a $1.1-billion deal that would have given cable giants Tele-Communications Inc., Time Warner Inc., Comcast Corp., Cox Enterprises Inc.
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BUSINESS
April 19, 1997 | KAREN KAPLAN, TIMES STAFF WRITER
AirTouch Communications Inc. and US West Media Group have agreed to speed up the merger of their cellular businesses with a $5-billion deal that would leave San Francisco-based AirTouch with 10 million cellular customers and allow US West to focus on cable television ventures. The deal, reached late Thursday night, accelerates a long-standing plan to combine the cellular operations, which are now operated as a joint venture.
BUSINESS
January 30, 1998 | KAREN KAPLAN, TIMES STAFF WRITER
Six months after calling off another merger agreement, AirTouch Communications said Thursday it will acquire the U.S. wireless business of US West Media Group for $5.7 billion in stock and debt. The deal will boost AirTouch's customer base by more than 2.2 million to 6.2 million subscribers of its cellular and personal communication services, or PCS, second only to AT&T.
BUSINESS
May 13, 1998 | JUBE SHIVER Jr., TIMES STAFF WRITER
Moving to stop the cable industry from extending its television dynasty skyward, the Justice Department on Tuesday sued to block the nation's five largest cable operators from buying a key TV satellite slot from Rupert Murdoch's News Corp. and MCI Communications Corp. The 35-page lawsuit, filed in U.S. District Court in Washington, seeks to quash a $1.1-billion deal that would have given cable giants Tele-Communications Inc., Time Warner Inc., Comcast Corp., Cox Enterprises Inc.
BUSINESS
July 17, 1997 | SALLIE HOFMEISTER and CHUCK PHILIPS, TIMES STAFF WRITERS
On the same day it reported strong earnings, Time Warner Inc. said it is ending a fruitless, two-year attempt to disengage itself from a complicated partnership with US West Media Group Inc. Time Warner had been trying to disengage itself from the regional phone company in order to reduce its nearly $18 million in debt and simplify its structure.
BUSINESS
November 16, 1996 | Times Staff and Wire Reports
US West Inc. said it completed its $11.8-billion acquisition of Continental Cablevision Inc. US West also said it plans to repurchase as much as $350 million of stock of US West Media Group, which includes the company's cable and wireless networks. US West, based in Englewood, Colo., is buying closely held Continental with $5.3 billion in cash and US West Media Group shares, and assuming $6.5 billion of Boston-based Continental's debt. The companies disclosed the transaction in February.
BUSINESS
May 17, 1997
The Minnesota House of Representatives passed a compromise bill that would require tobacco companies to disclose some ingredients and to put clamps on underage smoking. A Massachusetts law that requires disclosure of all cigarette ingredients is being appealed by the tobacco companies. . . . Los Angeles-based Koo Koo Roo Inc. reported a first-quarter net loss of $3.50 million, or 22 cents a share, compared with a net loss of $1.80 million, or 12 cents, a year ago. . . .
BUSINESS
January 30, 1998 | KAREN KAPLAN, TIMES STAFF WRITER
Six months after calling off another merger agreement, AirTouch Communications said Thursday it will acquire the U.S. wireless business of US West Media Group for $5.7 billion in stock and debt. The deal will boost AirTouch's customer base by more than 2.2 million to 6.2 million subscribers of its cellular and personal communication services, or PCS, second only to AT&T.
BUSINESS
June 13, 1997 | Bloomberg News
US West Media Group Inc. said it sold slightly more than 4.4 million shares of Time Warner Inc. for $220 million, as the stock reached a record. The sale, coming less than a month after Seagram Co.'s sale of 30 million Time Warner shares, is part of a plan announced earlier this year by US West Media to sell $1 billion of assets it didn't consider strategic, firm spokesman Steve Lang said.
BUSINESS
July 17, 1997 | SALLIE HOFMEISTER and CHUCK PHILIPS, TIMES STAFF WRITERS
On the same day it reported strong earnings, Time Warner Inc. said it is ending a fruitless, two-year attempt to disengage itself from a complicated partnership with US West Media Group Inc. Time Warner had been trying to disengage itself from the regional phone company in order to reduce its nearly $18 million in debt and simplify its structure.
BUSINESS
April 19, 1997 | KAREN KAPLAN, TIMES STAFF WRITER
AirTouch Communications Inc. and US West Media Group have agreed to speed up the merger of their cellular businesses with a $5-billion deal that would leave San Francisco-based AirTouch with 10 million cellular customers and allow US West to focus on cable television ventures. The deal, reached late Thursday night, accelerates a long-standing plan to combine the cellular operations, which are now operated as a joint venture.
CALIFORNIA | LOCAL
September 7, 1996
The Los Angeles City Council agreed Friday to the transfer of a cable television franchise despite allegations of racial discrimination against one of the firms involved. A group of African Americans who have worked as trainees at Continental Cablevision charged that the company provides inferior facilities and training for black workers, a charge rejected by company executives.
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