What's behind Cablevision's offbeat buys?
Article Abstract:
Cablevision Systems says its acquisition of consumer electronics company Nobody Beats the Wiz will strengthen consumer confidence. The sixth-largest US cable-television company purchased the ailing Wiz for approximately $95 million. Cablevision CEO James Dolan said the company is willing to take on razor thin profits and fierce competition in the consumer electronics industry, because of a shifting cable TV industry. Cable operators eventually will have to demonstrate their products such as cable modems and advanced digital set-top boxes. Outlets such as the Wiz will become important marketing tools in creating a selling environment, Dolan says. Plans call for Cablevision to take over 36 of the 53 Wiz stores, many of which are near Cablevision customers. The remaining 17 stores are in the process of being closed, as the Wiz is currently in bankruptcy court.
Publication Name: The Wall Street Journal Western Edition
Subject: Business, general
ISSN: 0193-2241
Year: 1998
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Comcast to acquire MediaOne for $48.63 billion in stock; merger will strengthen No. 3 cable-TV firm in relation to rivals
Article Abstract:
In an all-stock deal valued at $48.63 billion, Comcast Corp. will strengthen its No. 3 position with its acquisition of MediaOne Group Inc. A Time Warner Entertainment stake could become an issue because of management authority MediaOne has over some TW cable systems. Another issue could be Comcast's endorsement of At Home Corp., a rival to MediaOne's RoadRunner Internet access service.
Comment:
To acquire MediaOne Group in an all-stock deal
Publication Name: The Wall Street Journal Western Edition
Subject: Business, general
ISSN: 0193-2241
Year: 1999
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Adelphia is buying Frontier Vision in $1 billion deal
Article Abstract:
After first talking about becoming cable TV partners, Adelphia Communications Corp. will buy FrontierVision Partners LP for almost $1 billion in cash and stock. Adelphia will raise the cash buy selling convertible preferred stock and Class A common stock. Denver-based FrontierVision will add about 702,000 basic cable subscribers to Adelphia's 2.4 million.
Comment:
To purchase FrontierVision Partners LP for cash and stock
Publication Name: The Wall Street Journal Western Edition
Subject: Business, general
ISSN: 0193-2241
Year: 1999
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