Cable television broadcasting industry
KRON and Jones Computer Network have formed a strategic partnership to co-produce "New Media News," a daily computer and technology half-hour news program that will air nationally on JCN and sister cable channel Mind Extension University (ME/U). The program, hosted by veteran KRON news anchor Suzanne Shaw,
Cable television broadcasting industry
Investors were optimistic yesterday as Time Warner Inc. offered to buy Turner Broadcasting System for $8.5 billion, fueling a rally in media shares. The merger deal, worth $35 a share, was seen as a sign of the media industry's continued consolidation, with analysts speculating that other deals
Cable television broadcasting industry
Executives of Time Warner Inc., Turner Broadcasting System, and Tele-Communications Inc. engaged in a flurry of negotiations in New York to finalize a deal that would see Time Warner acquire Turner for approximately $8.5 billion. The proposed acquisition would create the world's largest entertainment empire, combining Hollywood
Cable television broadcasting industry
Viacom Inc. announced yesterday that it plans to sell its 78% stake in Spelling Entertainment Inc., the producer of popular television shows such as "The Love Boat," "Melrose Place," and "Beverly Hills 90210." The sale is expected to fetch around $1.5 billion, as
Cable television broadcasting industry
Time Warner Inc. has announced two significant financial transactions aimed at strengthening its balance sheet and reducing debt. The company completed the monetization of its stake in Hasbro for $363 million, which will be used to redeem $1 billion in principal amount of its 8-3/4% Convertible Subordinated Debentures due
Cable television broadcasting industry
Comcast Corp. has asked the Federal Communications Commission to block Bell Atlantic Corp.'s plans to offer wireless cable services in southeastern Pennsylvania, citing federal rules that bar companies from owning interests in both wired and wireless cable systems serving the same community. Comcast's move is aimed
Cable television broadcasting industry
Comcast, a major cable provider, has filed a petition with the Federal Communications Commission (FCC) to deny Atlantic Microsystems' application to transfer wireless cable licenses to Bell Atlantic. Comcast alleges that this acquisition would put Bell Atlantic in violation of federal rules barring a single company from owning interests
Cable television broadcasting industry
Sammons Communications Inc. has finalized its exit from the cable television industry by selling its remaining cable systems, serving 440,000 subscribers, to Tele-Communications Inc. for $800 million. The transaction marks a major consolidation in the industry, with Sammons joining a growing list of small and mid-sized cable companies selling
Cable television broadcasting industry
Negotiators in the Senate have settled a feud between phone companies and the cable television industry, paving the way for a bipartisan telecommunications reform package that could pass by the end of the day. The bill aims to update the country's 1934 telecommunications law, which was established before
Cable television broadcasting industry
Mayor Rudolph W. Giuliani plans to add horse racing to the eclectic mix of television programming available on some New York City cable channels. This will allow viewers to bet on the races over the telephone from the comfort of their homes, as part of an experiment authorized by the
Cable television broadcasting industry
NYNEX, a major telecommunications provider, announced on February 16, 1995, that it has signed an interconnection agreement with Cablevision Systems Lightpath Inc., a subsidiary of Cablevision Systems Corp. This marks the third such agreement in the industry and the first between a phone company and a cable company. The agreement
Telecommunications industry
A group of major Japanese and US companies have announced plans to establish a cable TV firm that will operate several stations across Japan. The new joint venture, which will be the second of its kind in Japan, is expected to capitalize on deregulation in the country's communications
