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02/24/2003
System Sales Jump, as Does Cost
BY K. C. NEEL Cable system sales are on the increase, and if Cequel III’s $85 million purchase of Shaw Communications’ Texas properties is any indication, prices are up as well. Cequel agreed last week to pay a $3,185 per subscriber for Shaw’s Lone Star State systems, which have 27,000 customers. In addition, Patriot Media […]
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02/17/2003
Addenda and Corrections
Karen Brown The complexity of operating a merged CNN-ABC News operation has prompted AOL Time Warner to call off talks with ABC News parent Disney, AOL executives told a group of senior executives at a meeting in New York. By late Friday, reports seeped out that a contested item of business at the management retreat […]
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02/17/2003
BRIEFS
CABLEWORLD STAFF Outdoor Channel agreed to become the official cable network of the 2003 Iditarod Trail Sled Dog Race, which begins March 1 in Anchorage, Alaska. The Outdoor Channel will air nightly, 30-minute programs covering the progress of the race until it finishes ten to 12 days later. Speaking of dogs, last week USA Network […]
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02/17/2003
Classic Investment a Winter Seedling for Kent's Growth Plan
BY STACI D. KRAMER AND K. C. NEEL Former Charter Communications CEO Jerry Kent jumped back into the cable industry last week when his firm, Cequel III, struck a deal to invest in and manage 11th-ranked MSO Classic Communications. Kent, the new president and CEO of Classic, and majority Classic investor Oaktree Capital Management see […]
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02/17/2003
Flynt Ponders Adult Channel
BY ANDREA FIGLER Porn king Larry Flynt is considering a Hustler-style adult channel for cable and direct broadcast satellite markets. “We are exploring the viability of launching a channel in the U.S.,” a Flynt spokesman told Cable World last week. But, he added, “there are no immediate plans to launch in the United States in […]
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02/17/2003
Getting Local in New York's Capital
BY JON LAFAYETTE Time Warner Cable is making news in Albany. In October, it launched Capital News 9, a 24-hour local news channel. The service has raised TWC’s profile in New York’s capital city and contributed to a boom in local ad sales, executives there said. The launch, said Stephen Pagano, president and GM of […]