Word: tele
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Dates: during 1990-1999
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Other potential opponents include Washington regulators. Consumers Union said it would ask federal regulators to review the deal because it could raise cable prices and restrict programming. Officials at the Justice Department and Federal Communications Commission are likely to scrutinize Malone's stake in Time Warner; as president of Tele-Communications Inc., he already controls the No. 1 operator of cable TV systems in the country; Time Warner's cable unit ranks...
...make matters dicier, a merger would also bring Malone, the chairman of Tele-Communications Inc. and a man with a bent for elaborate corporate schemes, into Time Warner's fractious family. Malone, who stands to convert the 21% of Turner stock he controls into about a 9% stake in Time Warner, strung out the talks with a long and changing list of demands that threatened to block an agreement. "He asks for everything," says a Time Warner executive. "You never know when he's finished." Levin and Malone hashed out their main differences at a Sept. 9 meeting...
...that pitch was only half the battle. The following week Levin summoned Time Warner president Richard Parsons from his vacation for a trip to Englewood, Colorado, where the two executives made their overture to the other major party in the deal, cable king John Malone, whose Tele-Communications empire owns 21% of tbs and holds three seats on its board...
...saying. "I've got a pocketful of big plans," the owner of Turner Broadcasting said recently. "But I'm not going to show my hand. I mean, you didn't see Eisenhower faxing Hitler the plans for the invasion of Europe." John Malone, CEO of Tele-Communications Inc., has offered to help Turner buy a television network, and Edgar Bronfman Jr., CEO of Seagram Co., may get a piece of that action, too. NBC president Robert Wright, while announcing that he thinks parent company General Electric plans to stand pat, coyly valued his network at about $11 billion, adding...
...very scope of the legislation has brought forth armies of lobbyists to advance the interests of clients ranging from the seven Baby Bell phone companies to cable- TV behemoths like Time Warner and Tele Communications Inc. (TCI). This onslaught of special interests has led consumer advocates and other experts to warn that what began as a laudable attempt to promote competition could wind up benefitting media giants far more than their customers. "The people screwed are the consumers," declares Gary Arlen, a telecommunications consultant in Bethesda, Maryland. "Cable rates will rise in the short term before there's rate relief...