By BroadCasting & Cable Staff -- Broadcasting & Cable, 4/30/2000 8:00:00 PM
March 29: Gets option (along with Cox Communications Inc.) to sell stake in Excite for up to $3 billion next year. AT & T already owns 56% of the Internet-access provider. In return, Comcast and Cox agree to carry Excite on their cable lines through 2006.
March 24: Joins AOL/TW in promising to provide access to its high-speed lines to rival Internet-service providers in two years, after its exclusive contract with Excite@Home Corp. ends.
KEEPING UP WITH JONES
March 2: Closes $4.9 billion stock-and-debt deal for the 61% of Jones Intercable Inc. that it didn't already own. Jones brings 1.3 million customers in 17 states to Comcast fold. Deal disclosed Dec. 22, 1999.
GRASS IS GREENER
Feb. 25: Increases stake in Golf Channel to 54.7% from 40.1%. Offers to other investors would make share 60.5%.
Feb. 15: Kicks off plans to form women's soccer league with Time Warner and Cox. Amos Hostetter invests about $37 million.
FOCUSING ON LENFEST
Jan. 18: Acquires Lenfest Communications Inc. for $7.5 billion in stock and assumed debt. The deal overrides AT & T's May 4, 1999, plan to buy for $2.2 billion the 50% of Lenfest that it didn't already own. Lenfest has 1.2 million subs in metro Philadelphia.
Dec. 27, 1999: Pays $750 million to California Public Employees'Retirement System for system's original $250 million, 45% stake in Comcast MHCP.
SUNNY SPOTS SWAPPED AWAY
May 26, 1999: Swaps with Adelphia Communications Corp. for 464,000 customers in East Coast and Midwest markets. Adelphia gets 440,000 subs in Los Angeles and Florida.
MEDIAONE BID SHELVED
May 6, 1999: Accepts $1.5 billion fee after deciding not to try to top AT & T's $62.5 billion offer for MediaOne.
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