Cable merger: will it benefit you?

Article Abstract:

Cable companies, Comcast Corp.(Philadelphia, PA) and MediaOne Group merged, making Comcast the No. 3 cable company in the nation. Cable consumers will not see lower rates though claims that the $50 billion merger potentially saves the companies $500 million to $600 million. Prices will continue to increase as there is little competition in the cable industry and very little regulation. Analysts and company executives see the potential benefits in increased and improved services, such as high speed Internet access and telephone services.

Comment:

Cable companies, Comcast Corp.(Philadelphia, PA) and MediaOne Group merged, making Comcast the No.

Asset sales & divestitures, Acquisitions & mergers, MediaOne Group Inc., UMG

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Phaseout of tri-State Media is planned

Article Abstract:

Philadelphia, Penn.-based Comcast Corp. has announced it will close down Suburban Cable's all-news station, Tri-State Media. Comcast, which recently acquired Suburban Cable, has laid off 41 of 160 employees at Tri-State and accepted the resignation of another 34 employees who took a six-month severance package.

Marketing procedures, Television, Tri-State Media Inc.

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5 firms plan TV guide on screen

Article Abstract:

WorldGate Communications Corp., Comcast Corp., and three big cable companies are nearing completion of forming a venture to develop an interactive on-screen TV programming guide, which would be a portal for 500 channels. The new company is tentatively called TV Gateway.

United States, Joint ventures, Organizational history, WorldGate Communications Inc., WGAT, TV Gateway

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