Word: breakups
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This week's cover story, on the impending breakup of AT&T and the telecommunications revolution that is both a part and a result of this event, was written by Associate Editor John S. DeMott and reported largely by New York-based Correspondent Bruce van Voorst. A nine-year veteran of TIME who specializes in business and economics stories, DeMott was particularly pleased with the assignment because it permitted him to deal with a lifelong passion. "I've been fascinated by communications ever since I was a kid with two tin cans and a taut string between them...
...breakup of giant AT&T sets the stage for a telecommunications upheaval...
...starts happening on New Year's Day, just six weeks from now. Under the banner of promoting competition in the U.S. phone service, American Telephone & Telegraph, the Bell System, will die at age 107, shattered in the largest court-mandated breakup of a company since the split-up of Standard Oil in 1911. In place of the old Ma Bell will stand the "new" AT&T and seven regional telephone holding companies, all beginning life as giants and carrying such unfamiliar names as Nynex, Ameritech, U S West and Pacific Telesis. The eight new companies will immediately join...
...breakup will affect all of America's millions of phone users in ways large and small. Instead of receiving a single monthly bill for phone service, for example, consumers may now get three or more: one for local service, another from one of AT&T's proliferating competitors for long-distance tolls, and one from AT&T Information Systems for the lease of the telephone. Many people who previously rented their phones, though, may now buy them outright. Next week AT&T will launch the biggest private direct-mail operation in history. It will send brochures...
...last decision befits the galactic proportions of the breakup, involving as it does the world's largest company...