Time Warner tries to land phone deal

Article Abstract:

Time Warner has advanced talks with long-distance firms that have plans to provide local telephone services on Time Warner's cable systems. Time Warner CEO Gerald Levin commented on Jul. 15, 1998, that a contract to lease channels on the cable systems, which reached subscribers numbering almost 12 million, would be advantageous for the company. Regulatory obstacles would make it difficult to link cable clients to existing local telephone services, and to enable them to keep their telephone numbers, commented Joseph Collins, CEO of Time Warner Cable.

Comment:

Advances talks with long-distance cos that have plans to provide local phone services on this co's cable systems

Strategy & planning, Article

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Time Warner stock takes a tumble

Article Abstract:

Time Warner shares declined by 13% to close at $63.25 on Dec 18, 2000, after the company announced that sales from its cable TV, music and movie businesses would be lower than expected. The company revised its cash flow growth estimate from 13% to 11%. Time Warner added that it would take a charge of $40 million, related to its bid to gain control of the Road Runner high-speed Internet service. The move will hasten Time Warner's efforts to offer competing Internet services on its cable lines.

Securities prices

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