Microsoft co-founder to buy 90% of big cable company

Article Abstract:

Paul Allen, the co-founder of Microsoft Corp., has reached an agreement to acquire over 90% of the cable operating firm Charter Communications. Charter is the 10th-largest cable operator in the US. Mr. Allen will pay the company $4.5 billion. The move increased Mr. Allen's holdings in the cable business and will, in combination with his Vulcan Venture firm, make him the owner of the seventh-largest cable operator in the US.

Comment:

Microsoft co-founder Paul Allen to acquire over 90% of the cable operating firm Charter Communications

Cable Television Systems, Cable Networks, Cable television broadcasting industry, Cable television, Charter Communications Inc.

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Murdoch sets TV Guide sale for $2 billion

Article Abstract:

The News Corporation has reached an agreement to sell TV Guide for $2 billion in cash and stock to United Video Satellite Group Inc. The sale combines the top-selling weekly magazine in the US with the top provider of television listings. The agreement means that News Corporation is giving up its 10-year effort to make TV Guide profitable. TV Guide had becomed mired in debt as a result of an ambitious acquisition strategy.

Comment:

News Corporation to sell TV Guide for $2 billion in cash and stock to United Video Satellite Group Inc.

Satellite Communications, Satellite Telecommunications, Periodicals, Periodical Publishers, Periodical publishing, The News Corporation Ltd., United Video Satellite Group Inc., TV Guide Magazine

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DirecTV to buy a major rival for $1.8 billion

Article Abstract:

In a somewhat complicated cash and General Motors stock deal Hughes Electronics Corp.'s DirecTV Inc. will acquire PrimeStar Inc. for $1.8 billion. Combined they could end up with 6.8 million customers. EchoStar Communications Corp. will be the only remaining satellite competitor with about 2 million customers. Cable is still the dominant player in pay-TV, a $44 billion market.

Comment:

Co's subsid. DirecTV to buy PrimeStar

Cable and other pay TV services, Direct Broadcast Satellite TV Providers, Cable and Other Program Distribution, Mergers, acquisitions and divestments, Abstract, Hughes Electronics Corp., GMH, Direct broadcast satellite television, Satellite television, Satellite television industry, DIRECTV Inc., PRIMESTAR Inc.

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