Headlines
By BroadCasting & Cable Staff -- Broadcasting & Cable, 4/30/2000 8:00:00 PM
EXCITE ALTERNATIVE
March 29: Gets option (with Comcast Corp.) to sell stake in Excite@Home Corp. for up to $3 billion. AT & T owns 56% of the Internet-access provider. Cox (8.4% owner) and Comcast agree to carry Excite on their cable lines through 2006. On Dec. 16, 1999, Cox said it would develop DTV services with Excite.
MERGER TALKS DENIED
March 26: Denies reports of merger talks with Seagram Co. and Vivendi SA to create a new-media company valued at more than $100 billion. Seagram talks with Comcast also were reported in March.
AT & T SHARES TRADED IN
March 15: Closes July 7, 1999, deal with AT & T, getting cable systems with 495,000 subs in seven states and trading in $2.9 billion of AT & T shares. Cox also gets $750 million cash.
2000 LEAGUE
Feb. 15: Kicks off plans for women's soccer league with Time Warner and Comcast. Cable legend Amos Hostetter invests about $37 million.
GANNETT DEAL DONE
Jan. 31: Closes $2.7 billion cash purchase of Gannett cable systems in Kansas, North Carolina and Oklahoma. Deal involves about 524,500 subs.
FOX REGAINS ENTRY
Jan. 6: Settles dispute with FOX Entertainment that left about 430,000 subs without local FOX broadcast signals.
SPRINT STOCK SOLD
Jan. 5: To focus on cable and pay down debt, Cox says it will sell up to $520 million worth of stock in Sprint PCS, about 8% of its stake.
FORT WALTON BEACH PATROL
Oct. 5, 1999: Shifts weight in TWC Cable Partners, which Cox co-owns with Time Warner. Cox gets control of the venture's 73,000-sub system in Fort Walton Beach, Fla., plus cash.
GANNETT IN PLAY
July 12, 1999: Cox, Comcast and Adelphia reportedly interested in Gannett's cable systems, which the newspaper publisher had acquired from Multimedia Corp.
5. Comcast
Comcast
1500 Market St.
Philadelphia, Pa. 19102
(215) 665-1700
www.comcast.com
Top executive: Brian Roberts,
president
Ownership: publicly traded; controlled by the Roberts family
Homes passed: 9,522,000
Basic subscribers: 5,719,800
Basic penetration: 60.1%
Digital-ready homes: 4,636,500
Digital subs: 515,000
Digital penetration: 11.1%
High-speed Internet-ready homes: 3,259,400
High-speed Internet subs: 141,900
Internet penetration: 4.4%
Major clusters: Philadelphia-Wilmington, Del.; northern and southern New Jersey; Boston; Detroit; and Baltimore-Washington, D.C., suburbs
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