TCI CONSIDERS SEPARATING A DIVISION TO IMPROVE STOCK VALUE
Published November 15, 1994
Cable giant TCI "is considering taking one of its operating divisions public when its board meets Wednesday," according to this morning's USA TODAY. TCI is reported to be considering a spinoff of one of its three divisions that does not include TCI's domestic cable franchises. The possibilities include domestic programming, such as TCI stakes in Turner Broadcasting, Home Shopping Network, and The Sega Channel. International operations and technology ventures are also possible spinoffs. TCI hopes such a move would "force Wall Street investors to acknowledge the company's stock is undervalued." TCI stock closed yesterday at 23 1/8, up 3/8 (David Lieberman, USA TODAY, 11/15).