U S West Media Group reports $133 million loss for 4th quarter

Article Abstract:

U S West Media Group reported a $133 million loss, or 24 cents a share, for the 4th qtr 1997. The U S West cable-television subsidiary attributed much of its $414 million loss on international operations to its Asian cable-TV operations in Malaysia, Indonesia and Singapore. This setback included a $200 million charge for future Asian losses that stem from recent currency troubles. The sales of international assets helped the Media Group's quarterly report to show a one-time gain of $313 million. Media Group would have reported a loss of 49 cents a share if not for the one-time items, according to Sanford C. Bernstein analyst Tom Wolzien. Media Group showed a loss of $480 million, or 88 cents a share, for 1997. By comparison, Media Group lost $513 million, or 90 cents a share. Revenue improved from $4.59 billion in 1996 to $5.04 billion in 1997, a 9.8% increase.

Finance, Company sales/revenue, Company sales and earnings, Company earnings/profit

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Cable firms consider removing ESPN from basic tier, passing costs to fans

Article Abstract:

Some cable companies are thinking about removing cable-sports network ESPN from their basic cable package. Such a move would allow the cable operators to pass along ESPN's rising rate increases to interested sports fans. Programmers such as ESPN and CNN require their services to broadcast on basic cable, which allows them to boost subscriber numbers and charge more expensive advertising fees. ESPN increased its rates by 20%, to more than $1 per subscriber per month for some carriers, following its recent $600 million payment for broadcast rights to the National Football League. The cable company, which says cable companies's local ad revenue generates about 50 cents a month per customer, has asked some cable companies for the option to raise its fees by up to 20% annually through 2006.

Prices and rates, Forecasts and trends, Internet services, Industry trend, Telecommunications systems, Cable television/data services, ESPN Inc.

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Lillis makes MediaOne apple of industry's eye

Article Abstract:

MediaOne Group's chairman, Charles Lillis, has drastically changed the phone company that he oversees and has created a true money-maker. Now everyone wants MediaOne and it seems to be caught in the middle of two huge companies who are bidding for it, AT&T and Comcast.

United States, Executive changes & profiles, Management, Officials and employees, UMG, Lillis, Charles

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