Inside the race to grab high-speed connections

Article Abstract:

Time Warner and AT&T are discussing a possible access deal that would allow AT&T to compete in the local phone sector against the Bell operating companies. Talks between the two companies have intensified since around the start of Oct 1998, according to insiders. This underscores the importance that information industries are assigning to cable's high-speed fiber lines, which are considered ideal for Internet access. AT&T could benefit from the deal by its widening campaign of numerous phone services to Time Warner's more than 12 million cable subscribers. Some executive insiders expect the companies to make an announcement by around mid-Nov 1998, but others say many important differences must be settled first. Time Warner, which drew criticism in 1994 for spending $5 billion to acquire cable systems, has modernized around 70% of its systems to carry voice and data traffic. The process will be completed by the end of 2000.

Wired Telecommunications Carriers, Long Distance Telephone Svc, Telephone communications, exc. radio, Cable and other pay TV services, Alliances, partnerships, Cable TV Networks, Local Telephone Service, Telecommunications services industry, Telecommunications industry, Internet services, AT&T Corp., Time Warner Inc., T, Long distance telephone services, TWX, Licensing agreements, Company licensing agreement, Cable networks (Television), Local telephone services, Cable television/data services, Long-distance telephone service

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NBC to sell stake in Cable's Court TV; format to remain

Article Abstract:

NBC is planning to sell its one-third share of Court TV to its partners. The move would mean that only Tele-Communications Inc. and Time Warner Inc. will be the co-owners of Court TV. Time Warner will continue to manage the channel. Time Warner and Tele-Communications announced that they will continue to operate Court TV under the same name and format. Court TV has been experiencing a drop in viewership.

National Broadcasting Company Inc., Courtroom Television Network L.L.C.

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Allen to pay record sum for cable firm

Article Abstract:

Paul Allen, the billionaire co-founder of Microsoft Corp., has reached an agreement to acquire Charter Communications Inc. for $2.5 billion in cash. Mr. Allen will also assume Charter's debt's which are worth $2 billion. Mr. Allen is paying what comes out to $3,700 for each subscriber. Charter has 1.2 million subscribers in 19 states throughout the US.

Comment:

Billionaire Paul Allen reaches agreement to acquire Charter Communications Inc. for $2.5 billion

Charter Communications Inc.

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