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, 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
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
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
Cable television broadcasting industry
Century Communications Corp., a telecommunications company with a broad range of operations including cable television, radio, and cellular services, announced that it would cease trading on the American Stock Exchange effective January 4, 1995. The company's Class A Common Stock would instead be quoted on the NASDAQ National
Cable television broadcasting industry
Transworld Telecommunications Inc. has announced the termination of discussions with Videotron USA Inc. regarding the reorganization of their joint venture. The decision follows a preliminary agreement signed on September 16, 1994, to combine the assets of Wireless Holdings Inc. and Videotron Bay Area Inc. into a single entity. Despite the
Cable television broadcasting industry
International FiberCom Inc. has announced a major breakthrough in its expansion into the international market. The company's wholly owned subsidiary, Kleven Construction Inc., has signed an $8.0 million contract with Telecab S.A. de C.V., the third largest cable operator in Mexico. This contract will provide
Cable television broadcasting industry
Attendees of the Western Cable Show in Anaheim, Calif. were left with a sense of unease as industry experts cautioned that the rise of Digital Satellite System (DSS) dishes could redefine the cable television landscape. Vice President of the National Cable TV Cooperative, Frank Hughes, predicted that DSS dishes would
Cable television broadcasting industry
DirecTV's customers have shown a high level of interest in the STARZ! premium service, with initial telemarketing efforts resulting in a successful close-rate of over 60% on DirecTV's Total Choice programming package. The Total Choice package, which includes Encore's entire Thematic Multiplex service of
