IDT says Liberty Media will buy stake

Article Abstract:

John C. Malone's Liberty Media will invest $130 mil for a 10% stake in IDT Corp. IDT's market valuation at the time was $1.1 bil. IDT owns Internet phone company Net2Phone, whose shares are valued at $2.6 bil. IDT recently began marketing Internet services to Spanish-speaking customers. Liberty owns 50% of the Telemundo TV network, which could potentially promote the IDT service.

Parent-to-subsidiary activities, Subsidiary-to-parent activities, Statistical Data Included, Company investment, Investments, IDT Corp., Liberty Media Group, IDTC, LBTYA

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Time Warner scales back its forecast; shares take a beating, as do those of AOL

Article Abstract:

One day after the FTC approved the merger of Time Warner and AOL, Time Warner forecast lower earnings for the next quarter which drove down its stock price 13% to $63.25. While some financial analysts were not surprised by the numbers, others questioned Time Warner's credibility for not making the announcement sooner, as chairman Gerald Levin had reaffirmed a healthy profit picture two months ago. The company cited lower cable ad revenues and disappointing results from its film and music divisions.

Finance, Time Warner Inc., America Online Inc., AOL

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Satellite vs. cable: a rivalry beyond TV

Article Abstract:

Cable television and satellite communications industries are gearing up to battle over which will dominate the digital communications market of the future. Both industries seek to offer consumers packages of digital communications services that include digital video, interactive TV and Internet service. Hughes Electronics' planned acquisition of Telocity Inc. will give DirecTV access to the Internet and a fierce corporate partner. Cable services are poised to aggressively offer digital video services.

Telephone communications, exc. radio, Satellite Communications, Satellite Telecommunications, Satellite TV Communications, Planning, Services, Internet service providers, Internet service provider, Satellite communications services industry, Satellite television, Digital television

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