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AT&T board discussing cable deals - Broadcasting & Cable

AT&T board discussing cable deals

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AT&T Corp.'s board of directors reportedly will meet Thursday night to examine its options for AT&T Broadband.

The Wall Street Journal reports those options include a proposal to merge its cable systems with those of AOL Time Warner and a separate plan to line up investors, including Walt Disney Co., for a spinoff of AT&T Broadband.
Several weeks of talks between
AT&T Chairman C. Michael Armstrong and other top executives
have not produced any firm offers, aside from the unsolicited $40 billion offer from Comcast Corp. which AT&T summarily rejected.

AOL and Disney have proffered preliminary proposals. But deal is believed to be imminent and the board isn't expected to take significant action at Thursday's meeting.

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