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What to do? One road led through cable guy John Malone, the deal-happy boss of Tele-Communications, Inc. What better way for AT&T to provide local calling--plus a full package of communications and entertainment services--than to scoop up TCI, the second-largest U.S. cable operator after...

Author: /time Magazine | Title: AT&T's Power Shake | 7/6/1998 | See Source »

The drubbing was partly a response to the complexity of the deal, which calls for AT&T to bundle its consumer operations and TCI's cable systems into a new subsidiary, called AT&T Consumer Services that John Zeglis, who now serves as AT&T president, will run as chairman...

Author: /time Magazine | Title: AT&T's Power Shake | 7/6/1998 | See Source »

Especially when the wolf still seems hungry. For Armstrong and Malone, who is spending $1.8 billion to ready TCI cables for two-way voice and data traffic, the future is virtually here--and it looks astonishingly lucrative. Malone sees an imminent convergence of TV, telephone and computer services--long the...

Author: /time Magazine | Title: AT&T's Power Shake | 7/6/1998 | See Source »

If their deal is approved, Malone and Armstrong hope the merger will be a kind of business Viagra for AT&T's famously languid corporate culture. The two say their merged companies could start phasing in these hot new services swiftly. About 25% of TCI's systems will have the...

Author: /time Magazine | Title: AT&T's Power Shake | 7/6/1998 | See Source »

Meanwhile, live wrestling events are sold out night after night; pay-per-view revenues and sales of merchandise (toys, video games, hats, tank tops, temporary tattoos, backpacks, beach towels, hot sauces, Halloween costumes) are well over a billion dollars; and celebrities are beginning to make cameo appearances. In July, for...

Author: /time Magazine | Title: Television: Lords Of The Ring | 6/29/1998 | See Source »

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