MOGUL WATCH: COMCAST TO PURCHASE SCRIPPS CABLE DIVISION
Published October 30, 1995
Comcast Corp., the Philadelphia based telecom company, has announced the purchase of the cable TV operations of the E.W. Scripps Co. The deal would increase Comcast's subscriber base by about 23%. If the deal goes through, Comcast will add about 800,000 cable customers, increasing their total to 4.3 million and making them the third-largest cable operator in the U.S., behind TCI and Time Warner. Scripps systems include three main areas: Sacramento, Knoxville and Chattanooga (PHILADELPHIA INQUIRER, 10/30). CHANGING THE WAY NEW YORK LOOKS AT SUNDAY: The New York Post, owned by Rupert Murdoch's News Corp., will begin producing a Sunday paper this spring (AD AGE ONLINE, 10/30).