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Technology Stocks : AT&T
T 24.66-0.7%12:13 PM EST

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To: Planter who wrote (3366)4/25/2000 11:29:00 PM
From: David C. Burns  Read Replies (1) of 4298
 
Well, I didn't take notes during the CNBC story so don't hold me to all the finer details, but...

FCC regs limit any cable owners to no more than 30% (or was it 33%) of households.

FCC staff argues that through through the content units (programming), AT&T will be able to indirectly control 42% through Time Warner.

AT&T argues that the regs don't include content units and that in any case they won't be in a position to dictate to Time Warner Cable to carry any of their offerings anyway, so they still fall below regulatory limits.

AT&T wants to maintain the link to Time Warner because they hope to use the relationship to further marketing of Voice IP through TW.

Most analysts I've seen seem to agree with AT&T, but hard to tell where FCC will end up on the issue.

As a side note, AT&T will end up being the largest single holder (still a minority) of AOL after the completion of the AOL-Time Warner merger. Gee, can we fire Steve Case?
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