Us West Completes Cablevision Deal

Sat., Nov. 16, 1996

Associated Press

US West Media Group completed its $11 billion-plus purchase of the cable TV company Continental Cablevision on Friday, a day after Continental shareholders approved the deal.

The purchase of the Boston-based cable company makes US West Media the third-largest cable TV system operator in the nation, with 4.7 million subscribers.

Continental has about 4.2 million cable subscribers while US West Media already had systems in the Atlanta area serving another 500,000 subscribers. In addition, US West Media has a 25 percent stake in a joint venture with Time Warner Inc. which operates the second biggest cable TV system with more than 11.5 million subscribers.

A vote Thursday by Continental’s shareholders cleared the way for the completion of the deal which was approved by the U.S. Justice Department and the Federal Communications Commission earlier this month.

The federal approvals require that US West Media divest itself of Continental cable properties that overlap with US West Communications in 14 states, and that US West Media sell Continental’s interest in Teleport Communications Group.

US West Media and US West Communications are part of U S West Corp., the regional telephone company based in Englewood, Colo.

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Us West Completes Cablevision Deal

Jesse Tinsley

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