Word: ince
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Dates: during 1970-1979
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...reports TIME Correspondent Mary Cronin, is symptomatic of a major development in U.S. television: cable is at last taking off. After several false starts, it is poised for the rapid, nationwide expansion that regular television achieved three decades ago. As Russell Karp, president and chief operating officer of Teleprompter Inc., the biggest cable-system operator, told Cronin: "We are at the point now that network...
...national prominence was long blocked by the FCC. Not until the 1970s did two events combine to broaden the cable audience dramatically: the FCC's first steps toward deregulation and, more important, the coming of satellite transmission. Since 1975, cable programmers (Home Box Office, a subsidiary of Time Inc., was the first) have been bouncing signals off an RCA communications satellite, Satcom 1, which hovers 22,300 miles above the equator. That makes it easy for programmers to send signals from a single studio via satellite and earth stations into cable systems all over the country. It also enables...
Anthony Hoffman, cable-TV analyst for Bache, Halsey Stuart Shields Inc., the brokerage house, foresees shows produced by special-interest magazines. "There will be a Popular Mechanics of the Air and a Skiing of the Air," he predicts, and they will reach huge audiences of cultists who rarely read but who watch...
American Television and Communications, the No. 2 MSO, with nearly 1 million subscribers, has been growing continuously since Rifkin put it together in 1968. During the last fiscal year, it increased revenues 34%, to $71 million, and profit 65%, to $10 million. At the end of 1978, Time Inc. completed a buyout of A.T.C. for a total price of $179.6 million. Among other things the acquisition added to A.T.C. the 100,000 subscribers of Manhattan Cable, which Time Inc. had bought earlier. Unlike Teleprompter, which is concentrating largely on adding subscribers in areas where it already operates, A.T.C. is eagerly...
...being shaken up by mergers prompted by the industry's growth. General Electric Cable, a subsidiary of GE, is about to acquire Cox Broadcasting for roughly $560 million if shareholders and the FCC approve. The merge would create the third biggest MSO, with 745,000 subscribers. Tele-Communications, Inc. (700,000 subscribers) would be pushed down to fourth, and Warner (620,000 subscribers) to fifth. Times-Mirror Corp., the publisher of the Los Angeles Times, has just bought Communications Properties Inc. for $128 million. Consequently, Times-Mirror has jumped from 26th to sixth biggest MSO (415,000 subscribers...