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...America Online and Microsoft have entered the fray over the Colorado-based MediaOne cable service. A bid in March for MediaOne by another another cable system called Comcast seemed like run-of-the-mill consolidation in the cable business. But last week AT&T came in with a much bigger offer, turning MediaOne into a reminder of telecom's future. Interest from Microsoft and AOL only extends these emerging battle lines even deeper into cyberspace...
...YORK: Ma Bell is turning into the Cable Guy. AT&T made a surprise bid late Thursday to break up a planned MediaOne-Comcast merger and claim MediaOne for its own. Doing so would make AT&T the largest cable company in the world (surpassing Time Warner, parent company of TIME Daily), with three quarters of its subscribers in 15 of the top 20 markets -- bringing the ex-monopoly within sight of its pre-breakup glory days. Cable lines aren't just a way for AT&T to get back into the local telephone markets wrested from them...
...MediaOne's shareholders may jump at the price -- AT&T is offering, through a combination of cash and stock, a 17 percent premium over Comcast's bid -- but others in the industry aren't happy about the muscle-flexing. Consumers Union, a consumer advocacy group, plans to challenge the deal as a violation of antitrust laws and rules meant to limit concentration in the cable industry. But in an effort to let the 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...
...million Americans plodding along with home-PC modems running at 28,800 to 56,000 BPS. But cable companies are pouring billions into upgrading their networks to handle data traffic over the same wire that brings you ER and championship bass fishing. Tele-Communications Inc., Cox Communications, Comcast and more than a dozen other cable companies offer a high-speed online service called @Home that is available to about 10 million households. Time Warner Cable and MediaOne offer a similar service called Road Runner to 5 million more. Cost: about $40 a month...
SEMINAR TOPICS Mornings are for presentations on different companies and panel discussions. This year's presentations are on Nokia, America Online, Loral Space & Communications, Comcast and Disney, NBC, Coca-Cola and Microsoft...