PGA Tour Happy With Live Streams Boatright Named AD At Wichita State "Greater" Tells Story Of Arkansas Walk-On Naming Rights Sold For Field At Aloha Stadium Sabres Cap Season-Ticket Sales At 16,000 "Sports Reporters" To Feature All-Female Cast Benson Trial Date Against Estranged Family Set North Dakota State Battles FBS Temptations Raiders Zero In On Preferred Las Vegas Site Hope Solo's Future With NWSL Club In Doubt
SBD/30/Sports MediaPrint All
Time Warner Inc., "aggressively pursuing its 'cable clustering' strategy agreed to acquire the KBLCOM unit of Houston Industries Inc. for $1 billion in stock and the assumption of $1.24 billion in debt." The purchase would give Time Warner 10 million cable subscribers, bringing it closer to TCI's 11 million. "Equally important, it would give the company substantial blocks of new customers in areas it already serves and move it closer than ever to an all-out battle with telephone companies" (Collier & Klein, BLOOMBERG BUSINESS NEWS/BOSTON GLOBE, 1/28). In addition, Time Warner will buy the remaining 50% interest in Paragon Communications, a joint venture with KBLCOM. Paragon has 967,000 subscribers in New York. In NYC, Time Warner is now "set to go head-to-head with NYNEX Corp. for multimedia clients" (L.A. TIMES, 1/28). Time Warner CEO Gerald Levin called his company "the best-positioned cable operator," with 3/4 of their customers in 30 large groupings of more than 100,000 customers (Glenn Collins, N.Y. TIMES, 1/28).