Published December 9, 1997
AT&T is selling its stake in DirecTV for $161.8M "and is getting out of the business of marketing the home" satellite TV service, the company said. AT&T invested $137.5M for its 2.5% stake in '96 (WASHINGTON POST, 12/9). In N.Y., Stephanie Mehta notes company execs "have been telling people privately that AT&T may seek to invest in one of DirecTV's cable competitors to beef up its Internet and local-phone efforts" (WALL STREET JOURNAL, 12/9). NOTES: In N.Y., Richard Sandomir reports that after January 1, SportsChannel NY will be renamed Fox Sports NY or Fox SportsChannel NY, as a result of Fox Sports Net's investment in Cablevision (N.Y. TIMES, 12/9)....In DC, columnist Tony Kornheiser, on Fox assigning Jerry Glanville to Sunday's Redskins-Cardinals telecast: "There is national coverage and regional coverage -- then there's Glanville coverage. If Glanville's doing a game, Fox is broadcasting to an area so small that your neighbors across the street may not get it" (WASHINGTON POST, 12/9)....In San Diego, columnist Fritz Quindt on The Sporting News' redesign: "Stapled, printed on improved but still inferior stock, it resembles Sports Illustrated on steroids. ... The content is substantive with a dose of fun, a dead ringer for the late, great The National" (SAN DIEGO UNION-TRIBUNE, 12/8).