Word: breakups
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...first Tuesday of his second season on the air was a big day for Will Truman. Will, the male half of NBC's Will & Grace, went on a date, after spending last year setting an endurance record for getting over a painful breakup. The date was with a hunky bookstore clerk we saw for all of five teasing seconds, but it was a date nonetheless. His other accomplishment: the Top-20 W&G beat its straight-couple neighbor, ABC's Dharma & Greg, in the first round of a pitched battle for ratings...
Baby wants to grow up. Bell Atlantic, the northeastern offspring of the 1984 breakup of AT&T, has formally applied to the FCC for permission to take on its old Ma and offer long-distance service to its New York customers. The rationale dates back to the 1996 Telecommunications Act, which promised the Baby Bells their shot at one-stop telecom shopping - local, Internet and long-distance service all on one bill from one company - once long-distance carriers like AT&T had had their shot at breaking the Baby Bells' hold on local markets. Bell Atlantic claims that...
Nevertheless, Armstrong handed out some consolation prizes to keep his rivals from hatching new plots. AT&T made Comcast happy by selling the company 2 million cable subscribers at the relatively low cost of about $4,550 per subscriber. That was in addition to the $1.5 billion breakup fee Comcast collected to walk away from the deal. (Comcast's strengthened position may come in handy later as Exhibit A when AT&T has to prove to regulators that it has not rebuilt the old Ma Bell monopoly.) AT&T sold to Microsoft--a company whose Internet strategy is looking increasingly...
Right now Ross's family is going through a painful time. Last week, after 13 years of marriage, Ross announced she is divorcing her husband, Norwegian shipping magnate Arne Naess. She is philosophical about the breakup: "Through each lifetime you go through rough patches, and you always hope for the best. Sometimes change is not bad. Sometimes people come into your life, and then it's time to make a change. This is one of those times." Is there a chance of reconciliation? Says Ross: "I would always like to think there's a chance, but I have a feeling...
...market have its way, the FCC has temporarily stayed those rules. The deal will be pricey for AT&T: $23 billion would go to finance the cash part of the purchase. Another $1.5 billion would go to Comcast, since MediaOne has already agreed to pay Comcast $1.5 billion in breakup fees. But if the deal goes through, and the Internet goes cable, positioning like this will make some widows and orphans very rich indeed...