Word: tele
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Dates: during 1990-1999
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Sweetened by a tax loophole for big companies selling media properties to minority owners, Viacom Inc., the entertainment giant, will sell its cable-TV unit to a partnership backed by Tele-Communications, Inc., the top U.S. cable operator. Price tag: $2.3 billion. The deal will create the country's largest minority-owned cable system...
Frito-Lay Inc., which announced the tele-coup today, says the pitchsters' fees will go to charity, but they'll be guaranteed a "lifetime supply" of Doritos...
Launched last year by right-winger Paul Weyrich's Free Congress Research and Education Foundation, NET currently reaches 10 million homes and, is working on an agreement with cable giant Tele-Communications that would put the network into 12 million more. NET vice chairman Burton Pines attributes the network's growth to Gingrich's electoral success. "It is making Washington the hottest story in maybe a half-century," contends Pines. "And as public fascination with Washington increases, even if it's morbid interest, there will be greater interest in our programming...
...them to connect to customers without having to pay monopoly rates (45 cents on every dollar) to the Baby Bells. And the cable-TV operators need the revenues from wireless telephone to defray the cost of turning aging, one-way cable systems into modern, switched two-way networks. Said Tele-Communications Inc. CEO John Malone last week: "In effect, we are starting a new national telephone company...
...Perhaps more seriously for the future, DBS is incapable of providing full interactivity, as cable eventually will. All of which, cable executives argue, means DBS will be a fringe nuisance, not a major threat. "Their first 1 million customers will be easy," says Robert Thomson, senior vice president of Tele-Communications Inc., the nation's largest cable operator. "But then the rubber will meet the road...