BellSouth may join rivals in dumping TV business

Article Abstract:

BellSouth has announced that is restructuring its video entertainment unit. The move is expcted to result in a downsizing or deemphasis of the business which has gained 120,000 TV customers in six states since its launching in New Orleans n late 1997. The decision is a sign that consumers might not be able to purchase everything they want from one communications company. It also continues a trend among phone companies that have retreated from plans to deliver TV in bundles of video, voice and data services.

Organizational history, BellSouth Telecommunications Inc.

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Jury tells Qwest to pay AT&T $350M

Article Abstract:

AT and T, a NY-based telephone firm, has received a favorable court decision in its lawsuit against rival Qwest Communications of Denver, CO. Qwest was ordered by a Texas jury to pay AT and T more than $350 million in punitive damages for three cable-cut incidents in late 1997. The award is in addition to the $1.2 million in economic damages given to AT and T. However, Qwest plans to appeal for a reduction in the punitive damages awarded to AT and T.

Legal issues & crime

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AT&T dividend payment cut 83%

Article Abstract:

AT and T Corp has reduced its dividend to 3.75 cents a share for the fourth quarter of 2000, a 83% decrease from 22 cents a share during the first three quarters of 2000. The telephone firm's board of directors decided on the dividend reduction to save about $2.74 billion a year. The savings is intended to help the company pay off its $62 billion debt and invest in growth areas such as wireless and cable.

Sales, profits & dividends

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