Word: tci
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...Come on. That's a very unfair question. People want to protect their vested interest. And sometimes when the other side is protecting its interest, it's done in a way that's unfair to you, which I ran into with both Time Warner and TCI and as a young movie exhibitor. Today they're my friends...
...Cable Side AT&T, which bought out TCI; Time Warner (TIME's parent company); and MediaOne Group...
...company paid $11 billion for Teleport, a company that operates fiber-optic networks in New York and other cities. Six months later, AT&T purchased Tele-Communications Inc., then the second largest cable company in the U.S., for $53.5 billion. Acquiring MediaOne, and adding its 5 million subscribers to TCI's 12 million households, would finally give AT&T the national footprint it needed for widespread realization of its new strategy...
...monopolistic history doesn't ease many minds, nor does its new $5 billion deal with perhaps the next monopoly to get trustbusted, Microsoft, about extending Windows' current hegemony into all those set-top boxes. AT&T isn't promising exclusivity -- it says it'll honor TCI's old deal with Sun for some Java-run boxes, and promised Microsoft only a few "showcase cities" -- but Mr. Gates clearly has his foot in the door, and Netscape will tell you what generally happens after that. Will AT&T go under the government's knife again? It's early yet, but cable...
...further solidify its current position as a regional powerhouse and national No. 3. Not to mention $1.5 billion in deal-breaker fees from MediaOne (AT&T will foot that bill). So Comcast is happy. MediaOne's stockholders are definitely happy. And the groom? "This deal, along with the TCI purchase, is one that AT&T needed to make," says TIME senior economics reporter Bernard Baumohl. "Now they're at the vanguard of the next thing in telecommunications." In fact, it's so in love that it's already hired someone to look after its Internet-friendly kids: Microsoft...