Word: tci
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...company, which last year sold a 26% stake in its cable and entertainment divisions to US West for $2.5 billion, plans to offer local phone service to Time Warner cable customers in Rochester, New York, in 1995. In preparation for that and future phone moves, Time Warner joined TCI and other major cable firms three weeks ago in unveiling plans to spend what could amount to more than $2 billion for hardware and software that would deliver phone service over cable lines. "They're getting into the telephone business for the same reason Willie Sutton robbed banks," said a cable...
...construct a profitable information highway. For one thing, the phone companies have virtually no experience in creating programs for the newly wired homes. One of the Bells' biggest rivals in the information race scoffs at the deal between Disney and three Baby Bells as "showboating" and "premature." Concurs TCI senior vice president Bob Thomson: "There's still a lot of hype going on amongst the Bells. There's quite a bit of smoke flying around...
Merging is one thing; making the deal a success is quite another. Some combinations, like last year's proposed merger of Bell Atlantic and TCI, never make it to the altar. Says Margaret Blair, a Brookings Institution economist: "The difference between the winners and losers is one heck of a lot of luck." And that's often true even if the people involved in megamergers use lofty concepts like "synergy" and "vision" to justify their moves...
...Times-Mirror made it official today: they will merge their cable divisions to form the third largest operator in the country. The $2.3 billion deal will take Times-Mirror out of the cable business, focusing it on content-news, information and entertainment-rather than delivery of that material. TCI and Time Warner are the largest cable providers...
What really matters, of course, is what people want to see on their TV sets and how much they are willing to pay. The preliminary results in this regard have not been encouraging. Video-on-demand is billed as the best reason to get interactive television. But TCI reports that subscribers using its video-on- demand test trial in Colorado are ordering an average of 2.5 movies a | month. That's probably fewer videos than many U.S. families rent each week...