Word: tci
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Dates: during 1990-1999
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...think you can easily escape the dreaded cable companies. Tele-Communications Inc., the nation's largest cable operator, and No. 2 Time Warner, among others, own Primestar Partners of Bala Cynwyd, Pennsylvania, the second largest dbs provider. TCI has begun to offer a $99 dish installation--half the usual price--to those consumers who sign up for two years...
...course, to be suspicious of precisely the sort of vertical integration Time Warner hopes to achieve. The commission was particularly obsessed by TCI chieftain Malone, who controls 22% of TBS and therefore wields veto power over its acquisition. Together, TCI and Time Warner control 40% of the U.S. cable market, and the FTC dearly wanted to limit Malone's influence. In response, the infamously brilliant strategist, not a man renowned for his negotiating generosity, clinched the deal by suggesting the creation of a spinoff company comprising up to 14.9% of Time Warner shares--a company that he would not control...
What's in it for him? Malone is said to be eager to cash out his Turner stake, possibly even ready to sell TCI outright to News Corp. chairman Rupert Murdoch, ever ravenous for new distribution lines. Just last week Murdoch buffed up his portfolio with a $2.5 billion purchase of the 10-affiliate-strong New World Communications Group, and there could be a tidy little Turner windfall awaiting him too. The FTC deal requires Time Warner to carry a second news channel on its systems to complement CNN; don't be surprised to find the infant Fox News Channel...
...will MCI, AT&T, TCI, Time Warner and countless others. Bewildering? Sure, but also very competitive. He who offers the best service at the lowest price will win 21st century Americans' hearts and monthly subscription fees...
WASHINGTON, D.C.: Should American families be taxed to enrich the shareholders of powerful companies like Disney, Time Warner, and TCI? Raising that question in Thursday's New York Times, columnist William Safire reports that Senate Majority Leader Bob Dole told him that the sweeping telecommunications reform bill, already passed by the House and Senate and now in conference to resolve differences, effectively loans telecom giants immensely valuable new digital bandwidths worth an estimated $70 billion. "This is a big, big corporate welfare project," Safire says Dole told him. "Here we're cutting Medicaid and doing all the painful things while...