1994-07-15, English, Article, Other article edition: US West to buy 2 cable systems for $1.2 billion; move into Atlanta to mark Baby Bells' re-entry into deals on cable TV. (Wometco Cable, Georgia Cable Television) Cauley, Leslie

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Physical Description
  • Newspaper article
Published
  • Dow Jones &​ Company, Inc., 1994 July 15
Language
  • English

Edition details

Title
  • US West to buy 2 cable systems for $1.2 billion; move into Atlanta to mark Baby Bells' re-entry into deals on cable TV. (Wometco Cable, Georgia Cable Television)
Also Titled
  • US West to buy 2 cable systems for $1.2 billion; move into Atlanta to mark Baby Bells' re-entry into deals on cable TV.
Appears In
  • The Wall Street Journal Western Edition, 1994 July 15, pA2(W) pA2(E) (ISSN: 0193-2241)
Author
  • Cauley, Leslie
Published
  • Dow Jones &​ Company, Inc., 1994 July 15
Physical Description
  • Newspaper article
Subjects
Target Audience
  • General
  • Trade
Summary
  • US West Inc, a Regional Bell Operating Company announces plans to purchase Atlanta cable television service providers Wometco Cable Corp and Georgia Cable Television and Communication. The purchase price will be $1.2 billion in cash and stock, and represents 11 times the annual cash flow of the companies. The sale will give US West access to 65 percent of Atlanta's households representing 466,000 customers. The company plans to provide telephone service through the cable connections. Time Warner Entertainment owns 25 percent of US West, but it is not an active participant in the transaction because it owns a portion of Turner Broadcasting System Inc. FCC regulations forbid a single operator to own cable and broadcasting systems in the same market. The merger is expected to be finalized in late 1994.
Language
  • English
Database
  • Gale General OneFile
Identifier
  • 15575335

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