AT&T asks AOL Time Warner to alter cable deal

Article Abstract:

AT&T is asking American Online Time Warner to transform their Time Warner Entertainment (TWE) limited partnership into a full-fledged corporation with stocks that have voting rights. The move would allow AT&T to sell its 26% stake in TWE in the open market. Negotiations for the sale of AT&T's stake to AOL Time Warner bogged down over its value, which analysts placed at $10 billion. However, AT&T must sell to reduce its $46 billion debt and comply with an FCC order to reduce its monopoly in the cable TV industry.

Strategy & planning, Wired Telecommunications Carriers, Cable Television Systems, Cable Networks, Long Distance Telephone Svc, Cable television broadcasting industry, Cable television, Long distance telephone services, AT and T Corp., America Online Time Warner

---

Seagram, Bertelsmann music venture joins medley on Web

Article Abstract:

Seagram and Bertelsmann have announced plans to form a joint venture to sell music on the Internet. The alliance, which is expected to become a dominant player in Internet music retail market, will offer a collection of sites with news about music and stars in different genres. Seagram is the world's biggest music producer with acts such as Counting Crows and Beck, while BMG owns the largest music club and features stars such as Whitney Houston and Natalie Imbruglia.

On-Line Information Services, Videotex & Teletext, Bsns Videotex Svcs ex Database, Internet services, Online information services, Business information services, Seagram Company Ltd.

---

Similar abstracts:

• Abstracts: AOL Time Warner to reveal game plan today. Future still cloudy for EMI, Time Warner music venture. Time Warner, EMI look to retune joint venture plan
• Abstracts: Time Warner, EarthLink cut Net deal. Bell Atlantic's move into long-distance faces delay. AT and T weighs 4-way split to revitalize
• Abstracts: ATA takes long view to success with business fliers. Some e-ticket fliers can print boarding pass on PC. JetBlue earns its wings
• Abstracts: Micron's bulls, defying the bubble. (stock performance). A new chip for laptops from AMD takes on Intel. Laptop chip maker doubles price on opening day
• Abstracts: Businesses need to speed if they want to succeed. Welch: Nurture best workers, lose bottom 10%. Corning chief says keep open mind, challege strategy

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.