Cents and Sensibility - Kimberly and Friends' Consortium Message Board

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Strategies & Market Trends : Cents and Sensibility - Kimberly and Friends' Consortium

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To: Mike E. who wrote (28887)	11/17/1999 9:23:00 AM
From: Jerry S.	Read Replies (1) of 108040

WGAT gapping I presume on news of Comcast aquisition. WGAT has a deal with Comcast for digital deployment of their service, concentrating especially in the Philadelphia area and it looks like their customer base just got bigger. FOCUS-Comcast to buy Lenfest, boosting core TV market (updates stock prices and deal value, recasts throughout, adds details, byline, previous PHILADELPHIA) By Barbara Etzel NEW YORK, Nov 16 (Reuters) - Cable television operator Comcast Corp. (NasdaqNM:CMCSA - news) on Tuesday said it agreed to acquire Lenfest Communications Inc., for about $5.6 billion in stock and the assumption of debt, in a move to consolidate its subscriber base in greater Philadelphia television market.

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