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TCI AND HEARST TO START ONLINE SERVICE FOR THE HOME
Published May 4, 1995
TCI and William Randolph Hearst III will join together to launch an on-line computer service via TV cable. The company to be unveiled tomorrow will be called at Home, and will have "ambitious plans" to offer on-line services to its 11 million cable customers starting early '96. TCI will be majority owner of the venture, partnering with Kleiner Perkins Caufield & Byers, a Silicon Valley venture capital firm where Hearst is a partner. TCI "expects for its cable hook-up to connect to a variety of on- line services, such as America Online, Prodigy and CompuServe and the Internet network." The cost would range between $20-30 a month for the service (Mark Robicahaux, WALL STREET JOURNAL, 5/4). By connecting coaxial cable to TVs as well as PCs, at Home hopes to provide access to the Internet at "speeds 100 times as fast as those used now" (Peter Lewis, N.Y. TIMES, 5/4).