Word: tci
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...Malone, Tele-Communications Inc. chairman and Barry Diller ally in the Paramount battle. Engaged in a love-hate relationship with Viacom -- currently talking to Sumner Redstone about buying Viacom's cable systems while fending off Viacom's massive antitrust suit. Also testily pulled Viacom's the Movie Channel from TCI's cable systems...
...expected," concluded a senior vice president of Southwestern, based in San Antonio, Texas. This deal is the second to fall apart following the FCC announcement of another round of 7% cuts in cable rates. Bell Atlantic mentioned the rate cutbacks when it scuttled its planned $20 billion takeover of TCI last February...
With Nextel and its other new partners, however, MCI joins the intense jockeying for position on the information highway. For many companies, the jam-up has had an unnerving effect. Last month's breakup of the planned Bell Atlantic-TCI merger came about after the two sides failed to agree on a purchase price. Last week Liberty Media, which is controlled by TCI chairman John Malone, said it wants to form an alliance with Blockbuster Entertainment in a deal that could threaten the already shaky Viacom-Paramount-Blockbuster merger. Another contender, Time Warner, announced that an expected spring start...
Bell Atlantic and TCI abandon their $33 billion megadeal...
...Bell Atlantic-TCI Wedding...